Most of Russia's economy will be in the proverbial dustbin in 2015, except for the technology sector. The gadget-loving Russians have been driving the explosion of e-commerce in recent years, which is now starting to spill over into technological innovation and software development.…
China has been the biggest winner. Online retailer Alibaba was already Russia’s largest online retailer with a 35% market share in 2014, as Russians have realised they can easily buy goods cheaper abroad than at home. Alibaba's AliExpress and China's eBay now account for about 60% of all cross-border sales in Russia, which have risen from $3bn in 2013 to $5bn in 2014, according to East-West Digital News. US website eBay took second place with 30% of the market, and US retailer Amazon was in third place with 7.5%.…Business News Europe
Russia’s tech sector defies downturn
Ben Aris in Moscow
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