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JD.com inks deal with Russian Post, considers selling Russian goods to Chinese consumers

February 16, 2016

A few weeks after the launch of a Russian version of its platform, JD.com has unveiled important aspects of its Russia strategy. In terms of delivery, the Chinese e-commerce giant announced in late July a partnership with Russian Post, industry blog Oborot.ru reported. The postal operator will ship the packages sent by JD from within Russia, …

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Global players challenged by new Russian law on personal data storage

February 15, 2017

Just two months before the new Russian law on personal data storage will come into effect, many international players are implementing the necessary steps to comply with it. Thus last month Booking.com announced that all data from its Russian users will soon be transfered to a local data center. Preceding Booking.com were such companies as eBay, Google, PayPal, …

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JD.com launches Russian site as first step to global expansion

June 29, 2015

Last week JD.com, China’s largest online retailer, launched a Russian version of its platform with the stated goal of conquering a 20% share of the Russian e-commerce market. JD.com’s English version had already been accessible to Russian customers for two years, but with no marketing effort or adapted logistics to serve them. Just a fraction of …

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Booking.com confirms commitment to “important Russian market,” gets prepared to comply with personal data storage law

February 15, 2017

Earlier this month, Booking.com announced that it will comply with Russia’s new law on personal data storage. The global online travel operator will soon transfer all data from the country’s users to a local data center, Russian business daily Kommersant reported. The announcement came after a meeting between Steffen Mueller, Booking.com’s senior manager of infrastructure and …

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Amid crisis, key Russian e-commerce players claim continued growth

June 19, 2015

Amid the economic turmoil of this and last year, the Russian online retail market is still appealing in many respects. This consensus emerged from the eDays e-commerce conference, an internationally-oriented event which was held for the second time in Moscow on June 4 and 5. In 2014, the domestic market grew by 35% in nominal …

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Startup Village: Thousands of entrepreneurs, investors and officials gathered in Skolkovo to “think globally”

February 18, 2016

Startup Village, a major industry event held last week at the Skolkovo international tech hub, greeted more than 10,000 participants: Russian and foreign entrepreneurs, investors, venture fund representatives and government officials, including Russian Prime Minister Dmitry Medvedev. Over the course of two days, the Startup Village came as the ultimate stage of a road show through …

Startup Village: Thousands of entrepreneurs, investors and officials gathered in Skolkovo to “think globally” Read More

Alibaba opens Russian company, teams up with Skolkovo

January 23, 2017

Chinese e-commerce giant Alibaba Group has registered a Russian subsidiary as its subsidiary AliExpress expands its hold over the Russian e-commerce market, Kommersant reported last week. A Russian company named Alibaba.com was registered on May 15, the business daily reported. The information was confirmed by Mark Zavadskiy, General Manager at Alibaba Russia. “Alibaba Group founded a new company …

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Wikimart co-founder and CEO Maxim Faldin: “Virtually all Russian legitimate e-commerce companies are unprofitable”

July 2, 2017

Launched in 2008 by Stanford graduates Maxim Faldin and Kamil Kurmakaev, Wikimart had the initial ambition of creating a Russian analog of eBay. Funded initially by major US investment funds, then by Russian investors, the startup has now become a major marketplace offering its own products alongside nearly 2 million items from over 1,000 merchants. In a recent …

Wikimart co-founder and CEO Maxim Faldin: “Virtually all Russian legitimate e-commerce companies are unprofitable” Read More

June 4-5: Top executives and experts to discuss Russian and global e-commerce trends in Moscow

May 12, 2015

East-West Digital News is proud to announce the upcoming e-Days E-Commerce Conference, Russia’s first internationally-oriented industry event. The second edition edition of this annual event will be held in Moscow on June 4 and 5, in association the chambers of commerce of France and Great Britain and online marketing agency BuzzFactory joining EWDN as co-organizers and …

June 4-5: Top executives and experts to discuss Russian and global e-commerce trends in Moscow Read More

Loyalty program, mobile payments, personal data storage: AliExpress to conquer Russian e-commerce on all fronts

February 15, 2017

Over the past few weeks, AliExpress has multiplied initiatives to strengthen its leadership on the Russian e-commerce scene. The Chinese giant has teamed up with Russian online bank Tinkoff Bank to launch a co-branded loyalty program. Associated with MasterCard credit and debit cards, this program is the first of its kind in the world, said …

Loyalty program, mobile payments, personal data storage: AliExpress to conquer Russian e-commerce on all fronts Read More

Industry leaders to discuss Russian and global e-commerce trends at Moscow conference

February 25, 2016

East-West Digital News is proud to announce the upcoming e-Days E-Commerce Conference, Russia’s first internationally-oriented industry event. The second edition edition of this annual event will be held in Moscow on June 4 and 5, in association the chambers of commerce of France and Great Britain and online marketing agency BuzzFactory joining EWDN as co-organizers and …

Industry leaders to discuss Russian and global e-commerce trends at Moscow conference Read More

Ulmart founder and CEO Sergey Fedorinov: “The context might change for the better before our potential IPO”

February 25, 2016

Starting from scratch in 2008, Ulmart took just five years to assert itself as the leading Russian e-commerce site, generating $1.3 billion in revenues last year in a domestic market that reached or exceeded $17 billion. In spite of the current economic downturn in Russia, Ulmart expects continued growth this year and considers a Western …

Ulmart founder and CEO Sergey Fedorinov: “The context might change for the better before our potential IPO” Read More

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