eCommerce

  • N 24 May 2013

    Mail.ru launches online flight sale service

    Mail.ru has launched its new airline ticket search service www.avia.mail.ru. The company said the site's special feature is the fact that it can display not just the cheapest available flights, but also the cheapest direct flights. The service also displays ticket cost dynamics for the days nearest the desired flight dates.

  • N 6 May 2013

    Qiwi raises $244.4 m at IPO

    Qiwi raises $244.4 m at IPO

    Russian instant payment operator Qiwi has raised $244.4 million at NASDAQ initial public offering. The IPO consisted of 12.5 million American depositary shares at $17 a piece. As result of the offering, investors estimated Qiwi at $884 m.

  • N 24 April 2013

    Experts gather to discuss the state of online payments

    Experts gather to discuss the state of online payments

    A round-table discussion on the state of electronic payments in Russia took place at last week's RIF+KIB annual Internet industry conference. The meeting was organised by Uniteller acquiring company with support from the Russian Association for Electronic Communications (RAEC). Participants included representatives of many online payment service companies.

  • N 23 April 2013

    Qiwi e-payment system to raise up to $250 through IPO

    Owners of Qiwi, Russia's largest electronic payment system, hope to raise up to $250 m through an initial public offering at NASDAQ, according to US Securities and Exchange Commission website.

  • N 19 April 2013

    Russian e-commerce up by 27%

    Russian e-commerce up by 27%

    Russia's e-commerce market grew by 27% in 2012, reaching a value of over 400 bn. rubles ($12.6 bn.), according to Sergey Plugotarenko, head of the Russian Association for Electronic Communications (RAEC). Speaking at the annual RIF+KIB forum organised by RAEC, Mr. Plugotarenko added that physical goods sold via the Internet account for nearly three quarters of the market's value: 280 bn. rubles.

  • N 5 April 2013

    eBay now speaks Russian

    eBay now speaks Russian

    eBay has launched its new Russia-language version, while shutting down the localised ebay.ru websites that had been working since 2010. eBay management say searching for items to buy is now made much easier, as everything has been translated: from the site's menus and search functions to item descriptions.

  • N 1 April 2013

    Ozon reports 63% revenue rise

    Ozon reports 63% revenue rise

    Five companies forming the Ozon holding have reported a combined revenue of 7.77 bn rubles (roughly $250 m) in 2012, up 63% from the previous year. Ozon's gross sales in 2012 was 15.27 bn rubles, up 73%.

  • N 14 March 2013

    Rumours of PayPal NBFC registration false

    Rumours of PayPal NBFC registration false

    Rumours of PayPal receiving official NBFC registration from Russian authorities have turned out to be false. The news of PayPal beginning work in the country was printed Wednesday by many Russian media, first being reported by EcommerceBytes, who cited a post in eBay's corporate blog.

  • N 4 March 2013

    Retailer's analysts forecast on consumer electronics trends

    Analysts at M.Video, one of Russia's largest consumer electronics retailers, have published their review on the country's market and forecasts for its nearest future. The current trend for more and more household appliances and consumer electronics being sold on the Internet will continue, the experts believe, and new types of stores combining online and offline retail are soon to appear.

  • N 29 January 2013

    Russia's first Cyber Monday leaves shoppers disappointed

    Russia's first Cyber Monday leaves shoppers disappointed

    28 January was Russia's first-ever Cyber Monday, a special day dedicated to online shopping. Major retailers, such as Wikimart, Enter, White Wind, M Video and Eldorado had announced they would be cutting prices by up to 70%. Though businesses report record sales, many customers are saying they were disappointed and some have even filed complaints with state authorities about what they call 'deception' on behalf of retailers.