E-Commerce

“Ulmart is part IKEA and part Amazon,” says CEO Sergey Fedorinov

June 23, 2016

Ulmart, a major Russian e-commerce player with a mixed online-offline distribution model, is still maintaining its billion-dollar turnover in dollar terms, even though it has seen sales slow down amid the current crisis. On the sidelines of the recent St Petersburg International Economic Forum, Ulmart CEO Sergey Fedorinov shared with bne IntelliNews the latest news and next plans of his company. Among …

“Ulmart is part IKEA and part Amazon,” says CEO Sergey Fedorinov Read More

Russian government unveils plans to launch e-commerce export platform

March 30, 2017

Last week, the Russian government unveiled some key aspects of its plan to launch an e-commerce platform dedicated to exporting Russian goods. In addition to serving end consumers directly, the platform will seek to cooperate with such international marketplaces as AliExpress, JD.com, eBay and Amazon. It will feature payment, credit, insurance, customs, logistics and other export-related …

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E-commerce players from 30 countries to meet in Shanghai to discuss cross-border opportunities (May 18-19)

April 15, 2016

Next month in Shanghai, the 5th China Cross-Border eCommerce Conference & Exhibition will attract more than 500 participants, including renowned industry players and experts from more than 30 countries. The event will be divided into two tracks: “Import to China” on day 1 (May 18) and “Export from China” on day 2 (May 19). The key industry …

E-commerce players from 30 countries to meet in Shanghai to discuss cross-border opportunities (May 18-19) Read More

Fragrance subscription service ScentBird attracts $2.8 million from US and Russian investors

April 5, 2016

Last week ScentBird, a New York-based startup founded by Russian émigrés, announced that it secured $2.8 million in venture funding. The investor consortium includes TMT Investments, a London-based fund with Russian connections, Vaizra Investments, the fund belonging to VKontakte founders Lev Leviev and Vyacheslav Mirilashvili, and Scrum Ventures, a US-based fund with interests in Asia, as well as Eclipse Ventures, Ludlow Ventures, and SGH …

Fragrance subscription service ScentBird attracts $2.8 million from US and Russian investors Read More

eTail Europe 2016: Mobilizing the retail trendsetters of Europe (London, June 21-23)

April 6, 2016

This year’s eTail Europe conference will see the brightest minds in retail come together, exploring solutions around these problems and more in a collaborative environment. From the 21st to the 23rd of June, the Queen Elizabeth II Conference Center in London will be abuzz with professionals sharing ideas and strategies. For those on the cutting edge, or …

eTail Europe 2016: Mobilizing the retail trendsetters of Europe (London, June 21-23) Read More

B2B-Center.ru CEO Alexey Degtyarev: “In 2015, Russian online B2B trade volume reached $700 billion”

April 6, 2016

With a montly trading volume exceeding $1.6 billion in 2015, B2B-Center.ru, a major Russian electronic trading platform, serves more than 260,000 clients from 120 countries. Its CEO Alexey Degtyarev told East-West Digital News about this little-known, but huge market, and the impact of the crisis. He also commented on B2B-Center’s international expansion, following a recent …

B2B-Center.ru CEO Alexey Degtyarev: “In 2015, Russian online B2B trade volume reached $700 billion” Read More

Tesco online founder, Danish marketing guru and Russian senator to speak at key Moscow retail conference (April 4-5)

April 1, 2016

The International PLUS Forum, one of the most popular events in the industry with 1,000+ professional participants, will hold its third edition on April 4th and 5th in Moscow. The main goal of the conference is to better understand the current state and prospects of the Russian and global retail industry. Projects by major market …

Tesco online founder, Danish marketing guru and Russian senator to speak at key Moscow retail conference (April 4-5) Read More

Swedish and Russian businessmen team up to invest in Iranian digital assets

April 1, 2016

Two Russian businessmen — former Qiwi shareholder and Parus Capital President Andrey Muravyev and Parus Capital Managing Partner Boris Sinegubko — invested last year “several million US dollars” in three Iranian Internet companies. These include DigiKala, Iran’s largest e-commerce company, as well as leading classifieds sites Divar and Sheypoor. The investment was revealed earlier this month …

Swedish and Russian businessmen team up to invest in Iranian digital assets Read More

Uber to limit Moscow service to licensed cars and share data with city authorities

March 2, 2017

Uber  has agreed to limit its service in Moscow to drivers with a transportation license, Bloomberg reported yesterday. The company said it will also share traffic data with city officials, as well as the number of drivers using the app each month. Moscow’s transportation department had previously planned to ask police and a judge to …

Uber to limit Moscow service to licensed cars and share data with city authorities Read More

Venture capitalists turn away from Russian e-commerce while offline retailers demonstrate renewed activity

November 9, 2016

Last year saw paradoxical investment trends in Russia’s young e-commerce industry, with venture and private equity investment continuing to fall while a range of offline players started or resumed online projects. On the venture side, investment reached historic lows. According to RMG Partners’ preliminary estimates, just 42 deals were closed, totalling $137 million — down …

Venture capitalists turn away from Russian e-commerce while offline retailers demonstrate renewed activity Read More

Russian e-commerce players invited to major industry event in Berlin (April 27)

March 8, 2016

E-commerce Berlin Expo, an international event targeting e-commerce industry players from Western, Central and Eastern Europe, will be held on April 27, 2016 in Berlin, Germany. The fair will gather more than 80 exhibitors from Germany and abroad to highlight the following areas: sales support, IT, law, marketing, TSL/courier services, accounting, consulting. Participation in the …

Russian e-commerce players invited to major industry event in Berlin (April 27) Read More

Ulmart sees sales slow down amid the crisis but confirms western IPO plans

August 30, 2016

Ulmart, a leading Russian e-commerce player, saw its revenues almost stagnate last year, with sales reaching just 62.7 billion rubles, up from approximately 60 billion rubles in 2014, including VAT ($1 billion and $1.3 billion, respectively). The company showed a “slightly positive” EBITDA, Ulmart’s chairman and key shareholder Dmitry Kostygin told Kommersant, a leading business daily, earlier this week. In an email …

Ulmart sees sales slow down amid the crisis but confirms western IPO plans Read More

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