Alibaba Group announces opening of a representative office in Russia
Alibaba Group opens representative office in Russia. Its online store AliExpress is the most popular online retailer in our country. Every month it is visited by 15.6 million Russian buyers. This is several times more than the number of Russians visiting eBay and Amazon .
Director of Business Development for AliExpress in Russia and the CIS, Mark Zavadsky is now also the CEO of Alibaba in Russia. “Alibaba Group has established a new company in Russia with the goal of further expanding our business and supporting partners, as well as facilitating interaction with government agencies in Russia,” he said.
According to SimilarWeb , Russian buyers are in second place in attendance in the general audience of AliExpress. They provide 9.9% of the traffic.
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The number of active users of the Alibaba Group worldwide was 350 million, according to data from April 2014 to April 2015. Revenue for the same period amounted to $ 12.2 billion, net profit - $ 3.9 billion. But only 9% of revenue provides international sales.
“Outside of China, Alibaba Group has, in fact, only two large-scale projects - AliExpress and Alibaba.com. For AliExpress, Russia has long been one of the key markets (along with the United States and Brazil), but the popularity of Alibaba’s b2b platform in Russia is not yet very high, including due to the complexity of cross-border procurement and sales for small companies, ” said “ Kommersant " Data Insight co-founder Boris Ovchinnikov.
In September 2014, the initial public offering (IPO) of Chinese Alibaba, which officially became the largest in history. The company managed to raise almost $ 25 billion. As of June 1, 2015, the group's capitalization was $ 222.9 billion.
Director General of the agency "Infoline-Analytics" Mikhail Burmistrov estimates the annual turnover of independent sellers who collaborated with Alibaba in Russia at 110 billion rubles. He estimates the company's revenue to 5.5 billion rubles. In connection with the opening of a representative office, Alibaba’s revenue growth in our country could reach 30%, he said.
Director of Business Development for AliExpress in Russia and the CIS, Mark Zavadsky is now also the CEO of Alibaba in Russia. “Alibaba Group has established a new company in Russia with the goal of further expanding our business and supporting partners, as well as facilitating interaction with government agencies in Russia,” he said.
According to SimilarWeb , Russian buyers are in second place in attendance in the general audience of AliExpress. They provide 9.9% of the traffic.
')
The number of active users of the Alibaba Group worldwide was 350 million, according to data from April 2014 to April 2015. Revenue for the same period amounted to $ 12.2 billion, net profit - $ 3.9 billion. But only 9% of revenue provides international sales.
“Outside of China, Alibaba Group has, in fact, only two large-scale projects - AliExpress and Alibaba.com. For AliExpress, Russia has long been one of the key markets (along with the United States and Brazil), but the popularity of Alibaba’s b2b platform in Russia is not yet very high, including due to the complexity of cross-border procurement and sales for small companies, ” said “ Kommersant " Data Insight co-founder Boris Ovchinnikov.
In September 2014, the initial public offering (IPO) of Chinese Alibaba, which officially became the largest in history. The company managed to raise almost $ 25 billion. As of June 1, 2015, the group's capitalization was $ 222.9 billion.
Director General of the agency "Infoline-Analytics" Mikhail Burmistrov estimates the annual turnover of independent sellers who collaborated with Alibaba in Russia at 110 billion rubles. He estimates the company's revenue to 5.5 billion rubles. In connection with the opening of a representative office, Alibaba’s revenue growth in our country could reach 30%, he said.
Source: https://habr.com/ru/post/291168/
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