Thursday, May 24, 2012

China's Online Trading Platform AliExpress Gains Direct Foothold in Russia


Russians will soon gain direct access to the world’s biggest online trading platform, China’s AliExpress. AliExpress has joined Russia’s leading electronic payment service - QIWI - allowing Russian consumers to buy Chinese products direct via QIWI Purse (a mobile application) or by using any of the 120,000 payment terminals across Russia. AliExpress, part of world e-commerce leader Alibaba.com, has recently become hugely popular in Russia, growing 600% in the first quarter of 2012 (compared with the same period last year).  Alibaba is also mulling partnering up with social networks in Russia, Leo Shgen, director for global operations at AliExpress.com, told RBC daily. “We’ll be aggressively looking for partners, and also hoping for the company’s organic growth,” he added.


http://rt.com/business/news/alibaba-internet-china-russia-066/

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