A total number of more than 60 China’s e-commerce websites entered Russia in 2015 including AliExpress, Jingdong, TradeEase and other start-ups according to Yandex.
Transaction values of Russian online buyers on China’s online platforms through Yandex increased by 30 times in 2015 compared with 2014 and accounted for 57% overseas retail revenues of Yandex which was almost 9.5 times last year’s sales.
Overall, a total number of payments to China’s online trades through Yandex increased by 38 times and total payment users expanded by three times. Russian online shoppers made about 50 million orders on China online shopping platforms.
Shoppers in Russian Federation central administration region accounted for 34% total Russian consumers on China’s online shopping platforms, followed by Volga region (19%) and Northwest region (14%). Shoppers in the Ural region (9%), North Caucasus (2.6%) and the Far East administrative region (2%) were relatively few.
Russian online shoppers mainly purchased apparel, shoes, children products, mobile phones and the like from China’s e-commerce platforms. Most Russian consumers preferred bank card and Yandex Wallet to pay for orders and 85% buyers on China’s online platforms paid with bank cards and Yandex Wallet.
Convenient global internet environment and improving logistics services were best contributors towards cross-border online shopping market. SF Express expanded its China-Russia delivery services several days ago. Packages could be delivered with 30 kilograms instead of 2 kilograms and could be dispatched in 10 to 15 days.
Also read: China Retail V.S. Online Shopping 2015