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Ecommerce

Russia-based Yandex.Market partners with China-based JD.com

Friday 31 May 2019 | 01:27 PM CET

Yandex.Market online marketplace, a joint venture between Yandex and Sberbank, has closed a strategic partnership with ecommerce company JD.com.

As of June 2019, Yandex.Market will be selling JD.com goods in Russia through its ecommerce platform, Interfax reported. The partnership is expected to strengthen Yandex.Market's cross-border ecommerce exposure.

China accounts for about 90% of total cross-border shipments to Russia, and about half of Russia's cross-border ecommerce turnover. In 2018, online imports increased by 29% year-on-year to USD 5.4 billion.

Earlier in 2019, China-based online marketplace JD.com has announced that it has closed its Australian branch after 15 months in the market.

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