Chinese stores boost Russian cross-border online trade by 70 percent

Orders placed on Chinese sites by Russian consumers reached 50 million in 2014

Source: PhotoExpress

Online stores in China helped the Russian cross-border e-commerce market to grow by 70 percent in 2014, bringing it to an estimated $5 billion. The data was published by the Agency East West Digital News (EWDN) in a study conducted in conjunction with leading players in the Russian market of online commerce.

Based on the data provided by Russian Post and major international online stores AliExpress and Ebay as well as local players, EWDN concluded that the number of orders placed on the sites of Chinese online stores by Russians increased by 40 percent in 2014 compared to the previous year, amounting to a total of about 50 million.

According to EWDN, the major payment systems used for these transactions are the Chinese version of Russia's Yandex.Money, as well as DengiOnline, Pay AnyWay, PayU, Robokassa, Platron and RBK Money. According to Openstat, the most common of these is Yandex.Money, which has linked to nearly 40 large and medium Chinese online shops in the last year.

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