Source: Chinas Alibaba to enter Russia via Deripaskas PonyExpress - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Source: Chinas Alibaba to enter Russia via Deripaskas PonyExpress

 MOSCOW, Sep 5 (PRIME) -- Chinas largest Internet retailer Alibaba will enter the Russian market through a partnership with delivery company PonyExpress, owned by tycoon Oleg Deripaska, a source, familiar with the companies plans, said late Thursday.

Alibabas business is actively developing in Russia that is why the issue of goods delivery to the country is urgent. That is why Alibaba has started looking for a partner in Russia. As a result, we have a partnership agreement, but in future Alibaba may buy a stake in PonyExpress, which needs investment to become a Russian DHL, the source said.

A top manager of a large post operator said that talks over the partnership were started long ago because Alibaba has to build logistics in Russia.

A source close to PonyExpress top management said that Alibaba is holding negotiations with the delivery company, but it is still early to speak about entering its capital.

At this stage PonyExpress has concluded a large contract with major Chinese courier company STO Express, which services Alibaba. Under the agreement, PonyExpress will deliver Russian addressees about 30,00040,000 parcels a year from China, the source said. This amount is 3040% of a total volume of Alibabas parcels to Russia.

A source said that Mark Zavadsky was appointed general director of the Russian office of AliExpress, Alibabs unit. The top manager met with participants of the local Internet retail market.

AliExpress will make an official announcement of Zavadskys appointment soon, the source said.

Another source said that Zavadsky was appointed as AliExpress head for Russia and the CIS, at which role he will replace Denis Makkaveyev, which took over Alibabas new project.

Apart from AliExpress, Alibaba comprises electronic payment system Alipay and online store Taobao.com. The number of Russian users registered at AliExpress exceeded 700,000 as of the end of March 2013.

End

05.09.2014 13:00
 
 
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