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Chinese on-line stores cover 70 percent of Russian cross-border e-commerce market

(People's Daily Online)    08:17, April 27, 2015
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According to a report released by the East-West Digital News of Russia on April 21 2015, Chinese on-line stores covered 70 percent of the Russian cross-border e-commerce market in 2014.

The survey was conducted jointly by the East-West Digital News and Yandex. The report showed that the total sales of the Russian e-commerce market soared to 5 billion dollars in 2014, and sales made by Chinese enterprises accounted for 70 percent, namely, 3.5 billion dollars. At the same time, Russian citizens placed about 50 million orders in Chinese on-line stores in 2014, 40 percent up from 2013.

The report also showed that of all the Chinese on-line stores, Russian citizens made most orders in AliExpress, followed by Taobao, Tmall, DX.com, Dangdang and Lightinthebox.

Credit cards, on-line banking and Yandex.Money were among the most frequently used payment methods, said the report. In 2014, Yandex provided payment services to about 40 large and medium sized on-line Chinese stores.

Currently, Chinese network platform operators are actively entering the Russian e-commerce business. Lately, Yandex.Money payment system announced that it had established a partnership with Chinese on-line payment platform TradeEase, which would enable Russian citizens, who would formerly travel to China to make purchases, to place orders on-line. 

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Editor:Kong Defang,Yao Chun)

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