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AliExpress Russia turnover reaches $2.69 bln in 2020

The online platform was created in October 2019

© Sergei Fadeichev/TASS

MOSCOW, April 7. /TASS/. Turnover of AliExpress Russia, a joint venture of Alibaba Group, Megafon, Mail.ru Group and the Russian Direct Investment Fund (RDIF), at the end of the financial year (April 1, 2020 - March 31, 2021) amounted to 229.3 bln rubles ($2.69 bln), and at the end of the calendar year - 209 bln rubles ($2.68 bln), the company announced on Wednesday.

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AliExpress cuts delivery time in half for goods from China

The online platform was created in October 2019. The turnover of goods from Russia for the financial year amounted to 54.9 bln rubles ($705.1 mln).

The total number of unique buyers for the financial year exceeded 26.2 mln. The number of unique visits for the calendar year is 61 mln. The monthly audience of AliExpress is 29.1 mln people, the daily audience is 8.8 mln people. The number of unique visits for the financial year exceeded 72.5 mln, which is 30% more than last year.

Net loss of AliExpress Russia at the end of 2020 amounted to 13.3 bln rubles ($171.21 mln), according to a report by Mail.ru Group (owns 15% of the trading platform). The revenue of AliExpress Russia for 2020 exceeded 25.8 bln rubles ($332.13 mln).

In January of 2021, RDIF, together with Middle East funds, bought out 7.85% of AliExpress Russia shares from Alibaba Group, as a result, the latter's share reached 47.85%, while RDIF's share increased to 12.9%. Megafon owns 24.3% in AliExpress Russia, Mail.ru Group - 15%.

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