The goal is to increase cross-border trade from China to Russia
JD.com, one of most important Chinese online retailer, has partnered with Yandex-Market. The partnership is an e-commerce joint venture between the Russian search engine Yandex and the country’s Sberbank bank.
The target? Increase cross-border trade from China to Russia. To this end, Yandex Market, following the agreement, will start selling JD.com assets in Russia through its online market, starting in June.
In 2015, Yandex opened an office in Shanghai to oversee partnerships with Chinese companies
Alibaba is also contributing to the Chinese cause and in this regard, Alibaba announced a joint venture plan between AliExpress and some Russian partners, including Mail.ru Group, a media and information technology conglomerate, last week.
In 2015, Yandex opened an office in Shanghai to oversee partnerships with Chinese companies that sell to Russian consumers. In addition to JD.com, Yandex has already helped several Chinese companies to enter the Russian market, including the Chinese B2C e-commerce site Lightinthebox and the biological technology company ZKTeco.
The countries of the Russian Federation and the countries bordering the Commonwealth of Independent (CIS) are the new frontiers for competition between Chinese giants of electronic commerce, in search of new markets to increase their growth.
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