Chinese online vendors have won the lion’s share of Russia’s cross-border e-commerce business over competitors from Europe and the U.S., spurred on by the ruble’s continued decline and a recession that has prompted Russians to shop for less expensive items.
Chinese firms took 65 percent of Russian online orders from abroad in 2014, according to a report by the East-West Digital News.
“In 2014, Russians placed about 50 million orders from Chinese online stores, up 40 percent from the previous year,” said Evgeniya Arnautova, press officer for the Russian payment platform Yandex.Money.
Chinese vendors’ success in Russia comes amid double-digit growth of e-commerce sales in Russia. The cross-border segment of the Russian e-commerce sector expanded by 70 percent last year to reach total sales of $5 billion….
Russia Beyond The Headlines
President Xi just cut 300,000 soldiers from Chinese military. Says a path of peaceful development is needed.
ReplyDeleteMight they be short of workers?
ReplyDeleteThey may choose to spend the money countering a colour revolution and othe asymmetric threats coming their way from Obamas pivot to Asia.
Then again some elites may be working hand in hand with the CIA to profit handsomely from the public sell off after a regime change.
The USA is no less dangerous to China than before.