Turnover “Aliexpress Russia” to 2022-2023 years will be 10 billion dellarovere Dragun | 10.07.2020
It will increase by 66% and the share of Russian sellers will reach 50%.
AliExpress Russia — a joint venture between Alibaba and Russian partners. The company said that by 2022-2023 years its annual turnover should be $10 billion it is Now $6 billion.
CEO Dmitry Sergeyev said that the company might consider an IPO in three to four years, although the existing structure of shareholders called optimal.
“Aliexpress Russia” wants to increase the share of Russian sellers on the platform to 50% for 2022-2023 years. The objective of the company is 50 million customers a year.
According to experts of the Moscow higher school of Economics, in 2019 the volume of goods shipped to the Russians from abroad amounted to $ 6.5 billion. According to the official Post service of Russia,
more than 90% of foreign shipments coming from China, most of them through online orders via AliExpress Russia.
Sergeev said that “Aliexpress Russia” will invest in logistics, aiming to reduce the delivery time from China to 10 days from the current 20 days
He did not rule out mergers and acquisitions, saying that as market consolidation of smaller players is likely to lose.