The price of iPhone 5s in Russia has decreased by approximately one third to become the lowest in the world, writes Russian business daily RBK. As of January 13, the iPhone 5S for 16 GB costs just $326 in a number of popular retail chains. “The price of $326 is now the lowest in the world,” …
The cheapest iPhones in the world on sale in Russia Read More
Russia’s biggest holiday is the New Year, followed a week later by Orthodox Christmas. The shopping season essentially begins in November and continues through to the New Year. Increasingly, Russians have been turning to the Internet for their holiday shopping, and that is a trend that his blog post will delve into. This blog explores the …
AliExpress, the B2C subsidiary of Alibaba which last year became the number one online marketplace in Russia, has resumed delivery to Crimea. Just months ago, the Chinese platform had stopped serving this Black Sea peninsula, which is disputed between Ukraine and Russia. It was assumed that Alibaba was complying with western sanctions, which bar companies from …
Alibaba resumes B2C deliveries to Crimea, helps Russian companies sell goods in China Read More
Target Global, an international venture fund with Russian backers, has spent $13 million to acquire a 0.65% stake in US food delivery startup Blue Apron. The transaction remained under the radars until it was revealed earlier this month by the fund’s managing partner Mike Lobanov in an interview with Russian business daily Vedomosti. Lobanov did not specify whether the money went …
Russian investors put over $13 million in US grocery delivery service Blue Apron Read More
Ru-Net, a major, internationally-oriented Russian fund, has just participated in a €10 million Series B financing round for Cuponation, a Germany-based discount platform. Rocket Internet, Holtzbrink Ventures, New Enterprise Associates (NEA), e.ventures, Deutsche Telekom Strategic Investments (DTSI), Silicon Valley Bank and Columbia Lake Partners have also participated in the round in undisclosed proportions. Cuponation collects all available …
Russian funds invest in German companies Cuponation and Nestpick Read More
Ikea Russia calls for developers, programmers, business experts, retail specialists, designers and marketers to participate in its “Mega Accelerator.” The project — the first of its kind in Russia — aims to “search and realize innovative ideas to enhance customer experience in MEGA shopping malls and beyond,” the company stated. Owned, developed and managed by Ikea, MEGA is a leading chain of …
Last month B2B-Center, the leading B2B e-commerce platform in Russia, and XBNiao, a major Chinese e-commerce company, signed an exclusive strategic partnership to develop cross-border transactions. The partners underlined that their partnership has received “political support from the government of the People’s Republic of China.” Chinese suppliers of certified industrial products and equipment will access the Russian marketplace, while Russian exporters will be able …
Russia’s B2B-Center and China’s XBNiao team up to develop cross-border B2B trade Read More
Today at the UnBound conference in London Tedipay announced a partnership with Russian contactless payment solution provider CardsMobile to create “a ground-breaking secure platform for mobile payments and smart transit ticketing.” The partners intend to invest no less than $9 million in the project, which will be deployed in the UK. The UK startup has developed an innovative wearables solution …
UK’s Tedipay and Russia’s CardsMobile to invest $9 million in contactless payment project Read More
Headed by two American expats, Radius Group designs, builds, finances and operates warehouse and manufacturing real-estate in Russia. The company is responsible for some of the largest warehouse projects in the country, as exemplified by the deal signed with Leroy Merlin this past February to build a giant omnichannel distribution center on the outskirts of Moscow. …
Two weeks ago while in Moscow, I was surprised to be hit with so many black Friday ads. Russians obviously don’t celebrate Thanksgiving but they have started celebrating Black Friday the past few years. Following the US shopping trend, both international and domestic retailers offer special promotions and sales to encourage the kick off of …
Everything you need to know about Russian Black Friday Read More
This past summer payment operator QIWI and mobile taxi booking service Сitymobil invested $500,000 in Today Delivery, a crowdsourced e-commerce delivery company. The deal has just been revealed by Russian startup blog Firrma.ru. The startup was valued at several million US dollars, a Today Delivery representative told Firrma.ru, without disclosing further details. Today Delivery presents itself as analogue of UberRUSH: “The …
Qiwi and Citymobil invest $500,000 in delivery service Today Delivery Read More
Moscow-based food delivery startup ChefMarket.ru has just raised $5 million at a $25 million valuation from its existing shareholders, including AddVenture and the startup’s founder and CEO Sergey Ashin. ChefMarket offers home delivery of food products based on recipes from renowned Russian and West-European chefs. The concept is close to that of Western startups Blue Apron …
ChefMarket.ru raises $5 million, targets $1 billion valuation “in 5 to 7 years” Read More
