Mail.ru, one of the largest internet businesses in Russia, has announced the launch of an online pharmacy. The announcement of Mail.ru’s online pharmacy All Pharmacies follows just four months after a new telemedicine law came into effect in Russia.
Russia - archive
Below you’ll find all the articles we’ve written about Russian ecommerce, online retailers, acquisitions, cross-border initiatives and more. If you want to know more about the Russian online retail industry, check out our information page on ecommerce in Russia.Read more about Russia
Chinese ecommerce giant Alibaba will launch its online b2c marketplace Tmall in Russia, sources say. Currently, the service is in test mode, but it should become fully operational somewhere next month. It will be launched within the AliExpress platform.
Ecommerce in Russia was worth 498 billion rubles, or 7.2 billion euros, in the first half of this year. This is an increase of 22 percent year-on-year. The Russian online retail industry is expected to be worth 15.99 billion euros at the end of this year.
Ulmart, the biggest online retailer of Russia, has announced it has plans to start accepting bitcoin as one of the payment methods. When things go through, the popular crypto currency will be accepted on Ulmart starting the first of September later this year.
NopCommerce is not a very well-known provider of ecommerce software. Still, the company has clients such as Volvo, BMW and even the unmatched singer Céline Dion. Ecommerce News Europe interviewed Alexandra Lykova, the marketing manager of this Russian ecommerce software solution.
The ecommerce industry in Russia was worth 920 billion rubles, which is about 14.85 billion euros, in 2016. This is an increase of 20 percent when compared to the year before. Estimates are ecommerce in Russia will reach 1 trillion rubles (16.14 billion euros) at the end of this year.
The Russian Export Center and express carrier SPSR Express signed a partnership agreement, which is meant to open up opportunities of logistics services for Russian exports. Also, an ecommerce platform will be created for listing products across online marketplaces and stores.
The president of Russian Railways, Oleg Belozerov, and the CEO of Russian Post, Dmitry Strashnov, have signed an agreement for the rail transport of mail and small parcels between China and Europe. The project should help reduce the time parcels are on its way, while also reducing transport costs for online retailers.
Consumers in Russia are buying more online. During the first half of this year, the total amount of online payments grew by 12 percent, while the number of transactions increased by 27 percent, compared to the second half of 2015.
The ecommerce industry in Moscow was worth 174.8 billion Russian rubles, at the moment worth 2.4 billion euros, during the first half year of 2016. This is an increase of 13.4 percent compared to the same period last year. At the end of this half year, Moscow had more than 20,000 online outlets, an increase of 7 percent.
Data Insight and Ruward published the top 100 of biggest online stores in Russia. Number one on the list is Ulmart, with a turnover of almost 510 million euros. The top three is completed by Wildberries (€443 million) and Citilink (€344 million).
Assist Group, a major online payment service provider in Russia, provides online stores with the ability to process MIR cards, the national payment card system in Russia. Some of the acquiring banks are already connected, the rest is at the stage of testing and integration.
The ecommerce growth rate in Russia has decreased significantly in 2015, although the number of online shoppers is growing steadily. In 2014, the B2C ecommerce industry in Russia increased by 31 percent, but the growth rate was just 6.6 percent in 2015.
In April, performance-marketing agency Artics Internet Solutions gave a presentation during the forum RIF+KIB 2016. It was about marketing in the cross-border segment. CEO Alexander Simanovsky talked about the specific nature of the Russian market, as well as the things that are most important to consider when launching a product on the Russian market.
The domestic ecommerce market in Russia increased from 560 billion rubles in 2014 to 650 rubles last year. It now accounts to 2 percent of the total retail industry in Russia, so there is still great growth potential. And while the domestic market is slowing down, cross-border purchases continue to grow rapidly.