Russia develops own “Alibaba” e-commerce platformApril 9, 2016 - 16:27 AMT PanARMENIAN.Net - Russia’s Ministry of Economic Development is working on an electronic platform to export Russian goods described as a ‘Russian Alibaba’, RT reports citing business daily Kommersant. The creation of the platform was suggested by President Putin in December. The ministry says a Russian company-aggregator would integrate with foreign e-commerce companies – such as AliExpress, JD.com, eBay and Amazon - to promote Russian products on international markets. Russian companies such as Yandex Market, Ulmart and Wikimart have already shown their readiness to participate in the project. The new platform will combine customs, logistics, information, payment, credit, insurance and other services necessary to export goods and sell on the domestic market. The platform will also act as a fiscal agent to ensure stable receipt of the revenues by exporters. The Russian Export Center will be responsible for creating a list of exporters. It will also assist in product standardization and certification. In December, Jack Ma the head of China’s e-commerce firm Alibaba said the company was interested in starting a platform to promote Russian goods. “We hope very much that we can contribute to its implementation,” said Jack Ma. The world’s biggest e-commerce company, Alibaba would become the prototype for Russia’s new electronic platform. The company’s sales hit a record $14.3 billion on Singles’ Day in November. In the summer, Alibaba opened its first office in Russia. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Get Started: An educational platform for young startuppers The Get Started program which operates in two phases is an important platform for young startuppers. Byblos Bank Armenia celebrates Students' Day with scholarship recipients YSU students who received scholarships from Byblos Bank Armenia gathered in a casual setting to meet with the Bank's CEO, Hayk Stepanyan. Azerbaijan extends Rune Vardanyan’s arrest by 5 months A court in Azerbaijan has extended the arrest of former Nagorno-Karabakh leader Ruben Vardanyan by five months. Armenia border residents dissatisfied with delimitation Residents Kirants are dissatisfied with the results of the delimitation of the border between Armenia and Azerbaijan. |