In its second edition on June 4 and 5, the eDays e-commerce attracted nearly 250 top executives and high-level professionals, some of them joining the event from as far as France, Estonia, Spain, Sweden, the UK and Ukraine. In addition to a thorough coverage of the current trends in Russian e-commerce, the event offered an …
KupiVIP, a major Russian online flash-sales company also operating in Kazakhstan, has extended its cross-border offer to this Central Asian country. Now KupiVIP’s Kazakhstani customers may purchase heavily-discounted items directly from “one thousand European brands,” according to the company. These brands include Tod’s, Lacoste, Furla, Escada and many other popular ones from Italy, France, the UK, …
KupiVIP launches cross-border e-commerce offer in Kazakhstan Read More
Disconfirming the widespread view that the Russian e-commerce market has lost its appeal to venture investors, luxury fashion retailer Aizel.ru received a capital injection of €2.5 million earlier this year, the first tranche of an investment of up to €25 million over three years. The deal remained undisclosed until late May, when news of it …
Luxury fashion site Aizel.ru to receive up to €25 million from Russian investors Read More
Chinese e-commerce giant Alibaba Group has registered a Russian subsidiary as its subsidiary AliExpress expands its hold over the Russian e-commerce market, Kommersant reported last week. A Russian company named Alibaba.com was registered on May 15, the business daily reported. The information was confirmed by Mark Zavadskiy, General Manager at Alibaba Russia. “Alibaba Group founded a new company …
Alibaba opens Russian company, teams up with Skolkovo Read More
Apple has seen the market share of its smartphone in Russia nearly halve year-on-year by number of units sold, as the collapse of the ruble drove up prices, according to a recent report by German market researcher GfK cited by Vedomosti and The Moscow Times. The iPhone’s market share by units sold fell to 5.2% in …
Illustrating once again the invest-abroad trend among Russian tech investors, Altair Capital, the fund of Russian serial business angel Igor Ryabenkiy, has invested in New York-based Rukkus. Launched in 2013, this startup offers “the easiest way on mobile to find and buy the perfect concert, sports, or theater ticket.” The amount of the transaction has …
Altair Capital invests in New York mobile ticketing startup Rukkus Read More
Russian prosecutors have demanded that the country’s media watchdog block access to sections of Apple’s App Store and Google Play that allow Russian users to download the works of Adolf Hitler and Islamic writer Sa’id bin Ali bin Wahf Al-Qahtani, the Izvestia newspaper reported Thursday. The move follows months of bluster by the watchdog, Roskomnadzor, over the hawking of “extremist” material to Russians by foreign Internet companies. But this time the threat …
Russian regulator to stop Apple and Google from selling Hitler’s ‘Mein Kampf’ Read More
Earlier this month RetailNext, a global provider of retail analytics solutions with Russian connections, secured $125 million in growth funding. The company intends to use the new funding to strengthen its presence in North America, Europe and Asia, pursue relevant strategic acquisitions, and grow in new markets. With more than 160 retail customers and new store deployments …
Russia’s Prosecutor General’s Office has blocked access to three websites selling imported food as it strengthens control over the illegal sale of select Western goods sanctioned by Russia, newspaper Izvestia reported Tuesday. The blocked websites sold banned cheeses, according to news website Lenta.ru. Prosecutors have also filed lawsuits against four more online shops that sell …
Russia starts blocking websites selling banned Western food Read More
In a cross-border market that is still growing fast, reaching around $4 billion in 2014 for physical goods, the Russian payment issue is to be considered carefully by foreign online retailers. So far, not all of them have adapted their approach to the local specificities in the field of payments — which certainly stands as an obstacle to attracting more Russian …
Cross-border e-commerce: Adapting payment options to Russian online consumers Read More
Launched in 2008 by Stanford graduates Maxim Faldin and Kamil Kurmakaev, Wikimart had the initial ambition of creating a Russian analog of eBay. Funded initially by major US investment funds, then by Russian investors, the startup has now become a major marketplace offering its own products alongside nearly 2 million items from over 1,000 merchants. In a recent …
Moscow-based venture fund iTech Capital announced today it has invested $2 million in Clickky. Operating globally from its headquarters in Odessa, this Ukrainian-Russian startup has developed a comprehensive mobile app marketing platform with in-house proprietary technology for user acquisition, traffic monetization and performance analysis. The investment will support Clickky’s expansion into the United States, South-East Asia and other emerging markets, …
iTech Capital invests $2 million in Ukrainian-Russian mobile marketing startup Clickky Read More
