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2021-04-07
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AliExpress Russia looks at possible IPO, reports $3 billion in transaction volumes
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GMV for its domestic business was up 151% year-on-year at 54.9 billion roubles, the company said.</p>\n<p>The COVID-19 pandemic gave a boost to Russia’s e-commerce sector as health restrictions kept consumers at home, but AliExpress Russia, which depends on cross-border transactions for more than three quarters of its business, was slower to see the benefit as supply chains adjusted to new travel restrictions.</p>\n<p>The company said an IPO was a possible step, but that such a decision was one for its shareholders.</p>\n<p>“There are no specific plans for the dates - it may be next year or later,” AliExpress Russia said.</p>\n<p>CEO Dmitry Sergeev said the company’s cross-border business grew in line with Russia’s total e-commerce market, which analysts from market research firm Euromonitor put at almost 40% in 2020, and that its domestic business was growing ahead of the market.</p>\n<p>Russian e-commerce leader Wildberries has reported full-year GMV in 2020 of 437.2 billion roubles, up 96% year-on-year. Online retailer Ozon, which staged a successful initial public offering (IPO) late last year, reported 144% GMV growth in 2020 at 197.4 billion roubles.</p>\n<p>AliExpress Russia said 2020 GMV, not including services, was 209.6 billion roubles, without providing a growth comparison.</p>\n<p>The company said it was sticking to a target of annual turnover of $10 billion by 2023, a figure first disclosed in an interview Sergeev gave to Reuters last July.</p>\n<p>($1 = 77.5000 roubles)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AliExpress Russia looks at possible IPO, reports $3 billion in transaction volumes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAliExpress Russia looks at possible IPO, reports $3 billion in transaction volumes\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-04-07 17:12</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>MOSCOW, April 7 (Reuters) - Online retailer AliExpress Russia on Wednesday said an initial public offering was a possible step for the company, which reported gross merchandise volume (GMV) of $3 billion for the 2020-21 financial year.</p>\n<p>A joint venture launched in 2019 with China’s Alibaba and Russian partners, AliExpress Russia operates domestic and cross-border sales.</p>\n<p>The company said it now has 29.1 million monthly active users on its online marketplace.</p>\n<p>AliExpress Russia did not give a comparison for total GMV, which stood at 229.3 billion roubles ($2.96 billion) for the year to March 31. GMV for its domestic business was up 151% year-on-year at 54.9 billion roubles, the company said.</p>\n<p>The COVID-19 pandemic gave a boost to Russia’s e-commerce sector as health restrictions kept consumers at home, but AliExpress Russia, which depends on cross-border transactions for more than three quarters of its business, was slower to see the benefit as supply chains adjusted to new travel restrictions.</p>\n<p>The company said an IPO was a possible step, but that such a decision was one for its shareholders.</p>\n<p>“There are no specific plans for the dates - it may be next year or later,” AliExpress Russia said.</p>\n<p>CEO Dmitry Sergeev said the company’s cross-border business grew in line with Russia’s total e-commerce market, which analysts from market research firm Euromonitor put at almost 40% in 2020, and that its domestic business was growing ahead of the market.</p>\n<p>Russian e-commerce leader Wildberries has reported full-year GMV in 2020 of 437.2 billion roubles, up 96% year-on-year. Online retailer Ozon, which staged a successful initial public offering (IPO) late last year, reported 144% GMV growth in 2020 at 197.4 billion roubles.</p>\n<p>AliExpress Russia said 2020 GMV, not including services, was 209.6 billion roubles, without providing a growth comparison.</p>\n<p>The company said it was sticking to a target of annual turnover of $10 billion by 2023, a figure first disclosed in an interview Sergeev gave to Reuters last July.</p>\n<p>($1 = 77.5000 roubles)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","QNETCN":"纳斯达克中美互联网老虎指数","BABA":"阿里巴巴"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2125459917","content_text":"MOSCOW, April 7 (Reuters) - Online retailer AliExpress Russia on Wednesday said an initial public offering was a possible step for the company, which reported gross merchandise volume (GMV) of $3 billion for the 2020-21 financial year.\nA joint venture launched in 2019 with China’s Alibaba and Russian partners, AliExpress Russia operates domestic and cross-border sales.\nThe company said it now has 29.1 million monthly active users on its online marketplace.\nAliExpress Russia did not give a comparison for total GMV, which stood at 229.3 billion roubles ($2.96 billion) for the year to March 31. GMV for its domestic business was up 151% year-on-year at 54.9 billion roubles, the company said.\nThe COVID-19 pandemic gave a boost to Russia’s e-commerce sector as health restrictions kept consumers at home, but AliExpress Russia, which depends on cross-border transactions for more than three quarters of its business, was slower to see the benefit as supply chains adjusted to new travel restrictions.\nThe company said an IPO was a possible step, but that such a decision was one for its shareholders.\n“There are no specific plans for the dates - it may be next year or later,” AliExpress Russia said.\nCEO Dmitry Sergeev said the company’s cross-border business grew in line with Russia’s total e-commerce market, which analysts from market research firm Euromonitor put at almost 40% in 2020, and that its domestic business was growing ahead of the market.\nRussian e-commerce leader Wildberries has reported full-year GMV in 2020 of 437.2 billion roubles, up 96% year-on-year. Online retailer Ozon, which staged a successful initial public offering (IPO) late last year, reported 144% GMV growth in 2020 at 197.4 billion roubles.\nAliExpress Russia said 2020 GMV, not including services, was 209.6 billion roubles, without providing a growth comparison.\nThe company said it was sticking to a target of annual turnover of $10 billion by 2023, a figure first disclosed in an interview Sergeev gave to Reuters last July.\n($1 = 77.5000 roubles)","news_type":1},"isVote":1,"tweetType":1,"viewCount":155,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":14,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/341347154"}
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