Small business doubles Jan–Oct sale on Wildberries to 396 bln rbl

MOSCOW, Nov 24 (PRIME) -- Total sales of small and medium-sized enterprises (SME) on Russian online marketplace Wildberries leaped by 98% on the year to 395.7 billion rubles in January–October, the online retailer said on Wednesday in a statement.

“The country’s businessmen and self-employed become more active in developing their sales via online channels because it allows them to scale up their business with the lowest investment and without the need to invest in creation of logistics infrastructure,” Wildberries said.

The retailer said that about 400,000 businessmen sell their goods on Wildberries.

“Since the beginning of 2021, their number has increased by 300,000 – a record number in the company’s 17-year history. About 90% of all sellers of the online floor are represeantives of SME and self-employed,” the statement read.

(74.8327 rubles – U.S. $1)

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