AliExpress Russia Will Develop Payment and Logistics Solutions
OREANDA-NEWS AliExpress Russia will develop e-commerce payment and logistics solutions in the country. This was stated by the head of AliExpress Russia Liu Wei. AliExpress joint venture includes the Russian Direct Investment Fund (RDIF), Megafon, Mail.ru Group and Alibaba.
According to Liu Wei, companies will actively develop payment and logistics solutions in Russia, and this will have a good impact on e-commerce in the country. Positive changes will be noticeable in three, maximum five years.
Recall, in June, the final agreement on the establishment of a joint venture AliExpress Russia signed Alibaba, Megafon, Mail.ru Group and RDIF.
AliExpress is a global virtual (on the Internet) marketplace, providing the opportunity to buy products from manufacturers of the PRC. Products on the site are sold in retail and small wholesale (unlike Alibaba).