Aliexpress Russia loses business amid Russia's e-commerce boom
According to Tochka Marketplace statistics, from January to May 2023, the number of Russian sellers on the Aliexpress Russia online platform decreased by 27%, Kommersant writes.
At the same time, the total number of sellers on the online marketplaces of the Russian Federation over the same period increased by 51% year-on-year. Sbermegamarket increased the number of sellers by 120%, Ozon - by 92%, Yandex Market - by 89%, Wildberries - by 36%.
Against this background, the online marketplace "AliExpress Russia", whose owners (Chinese Alibaba Group (47,85%), Alisher Usmanov's USM holding (24,3%), VK (15%) and the Russian Direct Investment Fund (12,8%) ), decided to stop investing in the development of the project with the start of a special military operation in Ukraine, is losing business.
The number of local sellers of the Russian division of AliExpress in the first five months of 2023 decreased by 27%.
VK, taking into account the "significant economic uncertainty" affecting the e-commerce market, reflected in the report an impairment loss of "AliExpress Russia" in the amount of 9,86 billion rubles. And according to Data Insight, in 2022, sales of Aliexpress Russia decreased by 47%, to 56,2 billion rubles.
At the same time, the total number of sellers on the online marketplaces of the Russian Federation over the same period increased by 51% year-on-year. Sbermegamarket increased the number of sellers by 120%, Ozon - by 92%, Yandex Market - by 89%, Wildberries - by 36%.
Against this background, the online marketplace "AliExpress Russia", whose owners (Chinese Alibaba Group (47,85%), Alisher Usmanov's USM holding (24,3%), VK (15%) and the Russian Direct Investment Fund (12,8%) ), decided to stop investing in the development of the project with the start of a special military operation in Ukraine, is losing business.
The number of local sellers of the Russian division of AliExpress in the first five months of 2023 decreased by 27%.
VK, taking into account the "significant economic uncertainty" affecting the e-commerce market, reflected in the report an impairment loss of "AliExpress Russia" in the amount of 9,86 billion rubles. And according to Data Insight, in 2022, sales of Aliexpress Russia decreased by 47%, to 56,2 billion rubles.
According to the statistics of Tochka Marketplaces, from January to May 2023, the number of sellers on the Aliexpress Russia online platform decreased by 27%, writes…
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