AliExpress Russia acquires 50.1% stake in Kazan Express

Recently, there was news that AliExpress Russia announced the acquisition of a 50.1% controlling stake in European logistics company Kazan Express. The acquisition amount has not yet been disclosed.

Kazan Express is one of the fastest growing logistics companies in Europe, with distribution points in 91 cities in 18 regions of Russia. It is reported that in March this year, AliExpress Russia spent billions of rubles to acquire 30% of the shares of Kazan Express. In other words, AliExpress Russia holds about 80% of the shares of Kazan Express.

AliExpress said the acquisition is aimed at further expanding the company's scale and strengthening logistics, including opening a 1 million square meter distribution center in Kazan, which will be one of the largest distribution centers in Europe.

AliExpress Russia expects that the acquisition will make it the company with the largest number of e-commerce orders in Russia by 2024. Data shows that Kazan Express's business volume has increased by 800% in the past year. In September, Kazan Express handled 50,000 orders per day; by December, this number is expected to double.

AliExpress Russia, unlike AliExpress's direct layout in other regions, is a company jointly established by Alibaba and local Russian giants Mail.ru Group, USM International and RDIF. Now, this joint venture has been established for more than two years.

Recently, AliExpress Russia just released its half-year performance report, and its performance can be said to be very impressive. In the past six months, AliExpress Russia's turnover excluding service income reached 133.3 billion rubles, a year-on-year increase of more than 36%; the sales of goods in the local Russian market increased by 126% year-on-year, accounting for more than one-third of the total turnover.

In the performance released by AliExpress Russia, we can see that the total number of sellers on AliExpress Russia has exceeded 350,000. Among them, the number of sellers from China and other countries is close to 275,000, a year-on-year increase of 45%. The number of local Russian sellers increased by 172% to 75,500. In the past 12 months, the number of active buyers on AliExpress Russia has exceeded 27.9 million.

According to the GMV data provided by AliExpress Russia , the fastest growing categories in Russia are food, electronics, wedding and celebration supplies, clothing and accessories, furniture, menswear and underwear, home and garden supplies, electronics and accessories, jewelry and accessories, maternal and child supplies, underwear, toys and hobby products, etc.

From the performance data released by AliExpress Russia, we can see that Russia's e-commerce is developing rapidly. Sellers can also learn more about relevant information to seize market opportunities.

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