Russia

Online marketplace Joom has partnered with Worldline by implementing its Russian Payments Solution. Retailers and customers in Russia will now have more payment options. In doing so, Joom wants to solidify its position in the Russian market.

Dostavista, a same-day delivery service from Russia, today announced that it has changed its name to Borzo. This way its businesses in ten different countries are united under a single brand. As part of its growth strategy, Borzo also raised 35 million dollars (29.95 million euros).

Yandex, also known as the Google of Russia, has agreed to buy online fashion retailer KupiVIP. With the acquisition, Yandex wants to enhance its ecommerce offering on Yandex.Market. The deal should be completed in the third quarter of this year.

Online retailer Wildberries from Russia has announced the launch of its website in the US. This marks the fourteenth country where the ecommerce company is present.

AliExpress Russia has invested in KazanExpress, a major regional ecommerce company from Russia, by acquiring a 30 percent stake. KazanExpress was founded five ears ago, but is growing extremely fast recently.

Wildberries, the biggest online retailer in Russia, has started a partnership with Russian footwear retailer Obuv Rossii. The physical stores of Obuv Rossii will operate as pick-up points for online orders from Wildberries.

Russian footwear company Obuv Rossii has announced plans to develop an online marketplace. This platform will be based on the online store of its main brand Westfalika.ru. The marketplace will be used to sell products that aren't provided in the Obuv Rossi Group's physical stores.

Wildberries, the largest online retailer of Russia, has officially entered the European Union. The ecommerce company has launched its online store Wildberries.eu in Poland, where it plans to open about 100 branded points of delivery.

Russian Post and China Post have agreed on the joint development of the cPacket logistics service. With this service, the two postal operators want to control the flow of small traceable packages that will be exchanged between Russia and China.

Wildberries, the biggest online retailer in Russia, comes to Europe. The ecommerce company is building a new logistics center in Slovakia that could take about 1.5 years, but already this year, Wildberries wants to begin online sales in Europe.

Wildberries is the biggest retailer of clothes in Russia. The ecommerce player has overtaken brick-and-mortar retailer Sportsmaster as the biggest seller in this product group. It's the first time an ecommerce outlet has become market leader.

Ozon, the biggest generalist online retailer of Russia, is working together with Russian footwear retailer Obuv Rossii. This allows Ozon to increase its regional network of pick-up points in the country, while Obuv Rossii can raise raise the number of visitors to its physical stores.

The online sales of physical goods in Russia is expected to reach about 19.74 billion euros at the end of this year. In 2023, ecommerce in Russia is forecast to be worth almost 45 billion euros.

Russian online marketplace Yandex.Market and major Chinese online retailer JD.com have closed a strategic partnership deal. Since this month, Yandex.Market will sell JD.com's goods in Russia through its ecommerce platform.

AliExpress has opened its marketplace to welcome non-Chinese sellers. The Alibaba-owned business-to-consumer marketplace has changed its business model to better compete with Amazon. Online retailers from Spain, Italy, Turkey and Russia now have access to the Chinese platform.