Earlier this month Bringly, the cross-border e-commerce marketplace of the Yandex Market group of companies, stopped accepting orders – just one year after its launch in beta version. The group intends to transfer its cross-border offers to Beru.ru, another marketplace initially designed for domestic purchases. Bringly aimed to become “a truly global platform, including both cheap goods from China and alternative …
AliExpress Russia has announced record results for its Global Shopping Day, also known as Singles’ Day, on Nov. 11 and 12. The sales event attracted 5 million Russian consumers, RBC reported, citing company statements. These online shopping aficionados made more than 30 million purchases amounting to some 17.2 billion rubles ($270 million at the current …
AliExpress attracted 5 million Russian online shoppers on ‘Global Shopping Day’ Read More
Earlier this month Mail.Ru Group and Alibaba completed their e-commerce joint venture deal with participation from jointly with Russian telco MegaFon and sovereign fund Russian Direct Investment Fund (RDIF). This JV will leverage on the existing businesses of AliExpress Russia, the B2C marketplace owned by Alibaba which controls the bulk of e-commerce flows between China and …
On Nov. 14-15, thousands of professionals will gather at the New Retail Forum to discuss global and Russian trends. Join the event to hear more than 150 speakers from leading retailers, service providers and institutions; discover next-gen solutions; and expand your network tremendously! New Retail Forum is the largest event ever organized in Russia on retail and …
Massive retail and e-commerce event by EWDN and Russian Post (Skolkovo, Nov. 14-15) Read More
Earlier this month Alipay, Mail.ru Group, mobile operator MegaFon, sovereign fund RDIF and Alisher Usmanov’s holding USM agreed to create a joint venture focused on digital payment services in Russia. Their initiative is presented as being “part of efforts to promote financial inclusion” and “upgrade the country’s digital payment services.” The JV will integrate two existing …
Mail.ru Group, Alipay, USM, MegaFon and RDIF team up to launch e-wallet JV Read More
As Russian e-commerce is entering a new growth and concentration cycle, Alibaba, Mail.Ru Group, Russian telco MegaFon and sovereign fund Russian Direct Investment Fund (RDIF) today announced the completion of their e-commerce joint venture deal. The JV will leverage on the existing businesses of AliExpress Russia, the B2C marketplace owned by Alibaba which controls the bulk of e-commerce …
Alibaba and Mail.Ru complete JV deal to dominate Russian e-commerce Read More
Addressing the lack of internationally-available information on this topic, East-West Digital News recently released an in-depth report on Russian e-commerce. Each week we publish here its best excerpts, including interviews with major domestic and international players, trend analysis from top market experts, and practical recommandations for companies to succeed in this market. This series continues today with an exchange with …
Evgeny Yakushkin of AliExpress Russia: “Tmall is our fastest growing business in Russia” Read More
Addressing the lack of internationally-available information on this topic, East-West Digital News recently released an in-depth report on Russian e-commerce. Each week we’ll publish here its best excerpts, including interviews with major domestic and international players, trend analysis from top market experts, and practical recommandations for companies to succeed in this market. This series is starting today …
Starting from October 31, 2021, the personal data of Russian citizens who book domestic flight tickets will have to be stored on servers located physically on Russian soil. This new requirement stems from a decree signed in late July by Prime Minister Dmitry Medvedev in application of a 2014 law on personal data storage in …
AliExpress, the Chinese B2B marketplace that dominates the Russian cross-border e-commerce market, is testing its first sales to offline retail outlets. This activity could account for up to 10% of AliExpress Russia’s business, company representative Anton Panteleev told the Russian business daily Vedomosti. The Chinese company aims to provide small and mid-sized local chains with …
AliExpress to supply Chinese goods to Russian offline retail networks Read More
A new marketplace could emerge soon on the Russian cross-border e-commerce scene, offering Russian online consumers goods from China and Southeast Asia. Dubbed ‘Sputnik,’ the project is backed by Evgeniy Sobolev and Vladimir Stupnikov, co-owners of the iMars communications group, who own 66.7% and 33.3% shares of the company respectively, Kommersant business daily reported. The founders did not …
Marketplace project ‘Sputnik’ aims to bring cheap Asian goods to Russian regions Read More
Yesterday Alibaba, Mail.Ru Group, Russian telco MegaFon and sovereign fund Russian Direct Investment Fund (RDIF) announced they received approval from Russia’s antimonopoly authorities for their “social commerce joint venture.” The JV will leverage on the existing businesses of AliExpress Russia, the B2C marketplace owned by Alibaba which controls a large part of the e-commerce flows between China and Russia. The partners …
