As a growing number of Chinese e-commerce companies are entering the Russian market, or considering to do so, Russian search giant Yandex has opened an office in Shanghai. Last week a company representative indicated that Yandex is renting office in a business center with several people, “but the staff will be expanded progressively as the number …
Chinese online retail giant AliExpress left the disputed territory of Crimea off its updated online order form, frustrating residents of the Black Sea peninsula, the local Crimean news agency Krym Media reported Friday. Initial reports of the order form change suggested that AliExpress, part of China’s largest e-commerce company, Alibaba Group, was complying with Western …
AliExpress temporarily excludes Crimea from list of shipping destinations Read More
E-commerce Trends 2015, a major e-commerce event in Poland, will hold its 6th edition at the Businessmen Institute in Warsaw on September 22-23. Highlighting the most important aspects of e-trade including cross-border trade, mobile commerce, modern logistics, payment and marketing services, the event will bring together key players from Central and Eastern Europe offering services and solutions for online shopping. The …
Warsaw event to highlight latest e-commerce trends in Central and Eastern Europe Read More
Illustrating the growing appeal of the Russian market, three significant Chinese e-commerce platforms have been launched in Russia for the past two weeks. In late August, as reported by business daily Kommersant, DHgate announced a partnership with two key Russian service providers, payment service provider QIWI and shipment company SPSR Express, to develop its activities in Russia. SPSR Express …
The Yota mobile operator plans to deliver SIM cards to its Moscow clients by drone, the RBC news agency reported on Wednesday, citing a senior official at Yota and the head of the company that will provide drones for the project. Six light drones rented by Yota from the Copter Express company will deliver up …
Russian banks now offer customers a new way to pay for purchases. In mid-July, Alfa Bank started selling Austrian Watch2pay watches, and it was soon followed by Center-Invest, based in Rostov-on-Don. Gazprombank and AK Bars in Kazan, however, introduced the gadget even earlier, in April 2013. The watch has a built-in bank card with MasterCard …
Payment watches take first steps in Russian market Read More
Chinese online vendors have won the lion’s share of Russia’s cross-border e-commerce business over competitors from Europe and the U.S., spurred on by the ruble’s continued decline and a recession that has prompted Russians to shop for less expensive items. Chinese firms took 65 percent of Russian online orders from abroad in 2014, according to a report by the East-West Digital News. “In 2014, Russians placed about 50 …
Russian consumer electronics and white goods retailer M.Video saw online sales surged earlier this month as a renewed weakening in the ruble prompted some consumers to splash out on durable goods, Reuters reported last week. M.Video said sales on its website jumped by 156 percent in the week of Aug. 24 compared with the same week last year, adding that Apple’s iPad Air and Samsung’s Galaxy Tab were the most …
Electronics retailer M.Video sees online sales jump as ruble drops Read More
Just a few months after opening a Russian subsidiary, and while its subsidiary AliExpress has become Russia’s number one B2C platform, Alibaba is making a new step to assert its leadership in the Russian e-commerce scene. The Chinese e-commerce giant has just inked a memorandum of cooperation with Gazprombank, the subsidiary of the Russian gas monopoly, …
China’s Alibaba and Russia’s Gazprombank ink deal to stimulate B2B cross-border exchanges Read More
With e-commerce flowing from China to Russia continuing to grow quickly, market players, service providers, government officials and top experts from both countries will be gathering on October 5-6 at the China-Russia E-Commerce Summit. Not only will the current market trends be analyzed thoroughly and the most recent figures revealed, but the speakers will also …
China meets Russia in major Moscow e-commerce event Read More
Two notable Russian e-commerce sites are suspending their activities this summer, illustrating the crisis that has been affecting certain segments of this market since last year. While online auction and marketplace Molotok.ru, one of the country’s most established e-commerce sites, has announced it will shut down on August 20, Mamagazin.ru, a kids goods online store …
Russian e-commerce in crisis: Molotok shuts down, Mamagazin suspends activities Read More
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, …
JD.com inks deal with Russian Post, considers selling Russian goods to Chinese consumers Read More
