China accounts for half of Russia's electricity market

Absrtact: China's Cross-border e-commerce trade in Russia has developed rapidly over the past few months. East-West Digital news? An important market in China accounts for the total sales share of Russia's international e-commerce retailer, according to a study conducted by East-west Digital News.

China's Cross-border e-commerce trade with Russia has grown rapidly over the past few months. East-West Digital news? A study conducted by East-west Digital News found that China's important market accounted for about half of the total sales share of Russian international E-commerce retailers, which reached $1.5 billion trillion in 2013.

With booming demand in Russia, the share of Chinese goods in the total number of Russian online purchases is still growing sharply. In the face of this phenomenon, Adrian Henny, representative of Adrian Henny, an east-west digital news Company, explained that, first, the devaluation of the rouble made Western commodity prices harder to bear. Chinese goods are also more expensive, but they are generally much cheaper than in the west. Given Russia's current economic stagnation, price factors are particularly important for Russian consumers ' shopping choices. Second, experts in the east-West Digital news company believe that the geopolitical situation in Ukraine is getting tighter, further allowing Russian domestic buyers to turn their attention to the Chinese market. Third, Chinese enterprises and the Government are also vigorously promoting bilateral trade between China and Russia to develop rapidly.

It is worth mentioning that China's major companies are now accelerating expansion, especially Alibaba, China's leading network trading platform is planning to open an office in Russia.

In the early July of this year, with the backdrop of poor localization of Russian websites, the global fast-selling company (Alibaba) still sends about 120,000 packages a day to Russian consumers – which also makes Yandex. Money becomes a new method of payment. Yandex.Money is about to become the third means of payment in Russia, and the other two ways that global fast-selling users can use are VISA-QIWI wallets and virtual network currencies.

In a May initiative, the Chinese team also launched the Amoy Network, a social networking project dedicated to providing services to Russian internet shoppers. The site features Pinterest and Instagram social networking sites that allow users to post their own shopping experiences, share shopping skills, and even add product information. Amoy Net set itself a "very low-key goal", that is, as of the end of this year to achieve 1 million visits per day.

Alibaba website is not the only active Chinese electronic shopping platform in the Russian market. Lightinthebox.com, for example, is a Low-cost general merchandise retail website that supplies products to many markets, including Russia. Dealextreme.com is an e-commerce platform headquartered in Hong Kong, selling Low-cost electronics, digital accessories and other apparel, as well as providing services to the Russian market. The Osell website, a subsidiary of Business-to-business E-commerce, China's main cross-border sales platform dinodirect.com, entered the Russian market 1 years ago to establish links between small and medium-sized businesses and tens of thousands of Chinese manufacturers. The company has established a representative office and a subsidiary in Russia, which is said to have made billions of yuan in sales in the Russian market.

Overall, the Russian overseas shopping market is creating new records. Data from the east-West digital news show that only 1 years ago, Russian users from foreign websites to buy the total value of goods to 3 billion U.S. dollars, 2013 year-on-year sales growth of 75%. However, in terms of product quality and delivery time, there are still some problems in overseas shopping market, which need to be solved actively.