China’s AliExpress to Enter Russian Market – Paper, part of China’s largest on-line retailer,, may enter the Russian market soon, RBC daily business newspaper reported on Thursday quoting Leo Shen, global operations director in

AliExpress considers Russia one of its top priority markets and the retailer will search for possible partners, Shen told the paper.

The Chinese company has already agreed to use Russia’s Qiwi electronic payment system to serve Russian clients and is now in talks with Yandex, which operates the leading internet search engine in Russia, to use its Yandex.Dengi service to pay for orders, he added.

The number of Chinese retailer’s clients exceeded 65 million people in 2011. The Alibaba Group, which includes and other subsidiaries, was founded in 1999 by businessman Jack Ma to sell products from Chinese small mid-sized enterprises via the Internet.

Alibaba Group, including its affiliates, employs more than 25,000 people in some 70 cities in China, India, Japan, Korea, the United Kingdom and the United States.


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