Rosneft signs offtake contract with Kurdistan regional government of IraqBusiness & Economy February 21, 10:15
Defense Ministry reports fifth S-400 regiment put on combat duty in Moscow regionMilitary & Defense February 21, 10:02
UN chief calls late Ambassador Churkin 'uniquely skilled diplomat'World February 21, 8:01
Vitaly Churkin’s sense of humor will be remembered by his UN colleagues — Ban-Ki-moonWorld February 21, 7:59
People bringing flowers to Russian Foreign Ministry in memory of late Ambassador ChurkinRussian Politics & Diplomacy February 20, 23:55
US envoy to UN pays tribute to Churkin’s ‘great skill’ in advocating Russia's positionWorld February 20, 23:29
Energy minister says Russia outpaces its February schedule of oil production cutBusiness & Economy February 20, 23:02
Russian UN envoy Vitaly Churkin’s death is big loss for Russia, premier saysRussian Politics & Diplomacy February 20, 22:52
Colleagues mourn Russia's ambassador to UN as 'diplomatic giant and wonderful character'World February 20, 21:58
“In addition to the global English-language site, AliExpress operates two local language sites in Russia and Brazil. In the three months ended December 31, 2013, the leading countries where active buyers on AliExpress were located were Russia, the US and Brazil. Sellers primarily consist of small and medium-sized businesses located in China,” the company said.
Alibaba’s revenue from international commerce retail business reached about $63 million in the 2013 fiscal year. “The main reason for the increase was an increase in gross merchandise volume transacted on AliExpress, primarily from sales to buyers in Russia, the US and Brazil,” the report read.
Alibaba said it will continue to develop and promote AliExpress globally, especially to consumers in emerging economies such as Russia, the Eastern Europe and South America, where quality products from China at direct-to-consumer prices offer significant value.
Alibaba Group runs its own electronic payment system Alipay and Internet stores Taobao.com and AliExpress. US giant Yahoo owns about 24% in Alibaba.