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MegaFon exits AliExpress Russia, Mail.Ru injects $60 million to support company expansion

August 20, 2021

AfterOzon, Sber, Yandex and Auchan, a new big capital injection was announced earlier this week in the Russia e-commerce space. AliExpress Russia, the cross-border e-commerce leader and a major player on the domestic market, will receive $60 million from Mail.ru Group, one of its shareholders. The fresh funding will support AliExpress Russia’s “ongoing active expansion …

MegaFon exits AliExpress Russia, Mail.Ru injects $60 million to support company expansion Read More

Moscow court fines Google for breaching Russia’s personal data storage law

August 27, 2021

Last week a Russian court fined Google’s local subsidiary 3 million rubles (around $41,000 at the current exchange rate) for violating Russia’s personal data storage law, reports TASS news agency. While the US digital giant had previously been fined for refusing to remove censored information and for abusing dominant position, it is the first fine …

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BestDoctor.ru attracts $26 million from major Russian, Austrian and Swedish investors

June 17, 2021

In late May Russian insuretech leader BestDoctor closed a $26 million round with an impressive investor consortium. The money was brought in by Winter Capital, a Moscow-based international fund backed, in particular, by billionaire Vladimir Potanin; UNIQA Ventures, which is affiliated to a major Austrian insurance group owned by Raiffeisenbank; and VNV Global, a major …

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AliExpress now helps Russian brands sell globally

June 1, 2021

Bringing its contribution to Russia’s emerging outbound cross-border sales, AliExpress Russia announced today the launch of Ruzania, a section of its international platform reserved for select Russian sellers. The first offers come from Maskbro (wooden toys), Bossa Nova and Lucky Child (children’s apparel). Items from these Russian brands can be purchased “not only by Russian-speaking users, but …

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Russian e-commerce leader makes first steps on US market

May 12, 2021

Wildberries, the number one Russian e-commerce company, is making its first steps on the US market with dedicated versions of its website and mobile app. The site’s URL, us.wildberries.ru, betrays its Russian origin, while no US suppliers have been onboarded for the moment, as reported by Kommersant.  Deliveries will be carried out from Russian warehouses with the help …

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AliExpress Russia invests in regional marketplace KazanExpress

February 7, 2022

AliExpress Russia, a leading cross-border and domestic e-commerce platform in Russia, has invested in a major regional e-commerce company, KazanExpress, acquiring a 30% stake. The amount of the transaction was not disclosed but, in an exchange with Kommersant, KazanExpress co-owner Linar Khusnullin refered to an amount of “several billions of rubles” (dozens of millions of …

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Mail.Ru and AliExpress pursue e-commerce integration through multi-platform merchant interface

March 15, 2021

Earlier this month Mail.ru Group and AliExpress Russia achieved yet another step in their e-commerce integration plans with the launch of Multimarket. This single interface allows merchants to manage their sales simultaneously via the AliExpress Russia site and Mail.Ru’s properties — including social networks VK and Odnoklassniki, and classifieds platform Youla. Registered merchants can place …

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Russian e-commerce leader Wildberries launches in France, Italy and Spain

March 10, 2021

In late February Wildberries, the number one Russian e-commerce company, launched in three new EU countries: France, Italy and Spain — just weeks after its debut on German soil.   Through localized web and mobile interfaces (France, Italy, Spain), online shoppers from these three countries can access more than four million products from some 40,000 brands — from …

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Local merchants now generate 25% of AliExpress Russia’s business

February 17, 2021

AliExpress Russia has just disclosed a series of interesting activity indicators — from audience, to sourcing, to logistics — confirming its leadership on the cross-border e-commerce segment and a growing traction on the domestic segment.  By the end of 2020, the platform’s monthly audience reached some 29.1 million users (8.8 million daily). The platform does particularly …

Local merchants now generate 25% of AliExpress Russia’s business Read More

Sber to invest more than $400 million in Goods.ru in a bid for e-commerce leadership

January 28, 2021

Sber, Russia’s state-controlled financial and tech giant (previously known as Sberbank), announced today a new partnership to assert itself in the Russian e-commerce space.  Just weeks after agreeing an alliance with Merlion, Sber signed a “memorandum of intent” with M.Video-Eldorado Group — a competitor of Merlion in the field of electronic goods — to “join hands in developing the …

Sber to invest more than $400 million in Goods.ru in a bid for e-commerce leadership Read More

Russian e-commerce leader Wildberries launches in Germany

January 15, 2021

Wildberries, the number one Russian e-commerce company, announced yesterday its launch in Germany in the latest stage of its international expansion.  Through a localized interface, German online shoppers can access more than four million products — from fashion items, to electronic and household appliances, to books, to sports items, to cosmetics and more. The Russian company …

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Sber agrees e-commerce alliance with Merlion

January 28, 2021

In late December Sber, Russia’s state-controlled financial and tech giant (previously known as Sberbank), and Merlion, one of the largest Russian IT distributors, agreed to partner in the field of e-commerce. “The new partnership will strengthen Sber’s position in the e-commerce industry and realize a range of new opportunities for B2B and B2C customers, while offering …

Sber agrees e-commerce alliance with Merlion Read More

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