Page 131 - RusRPTFeb21

in 2020 to 437.2bn ($6bn​), the company said on January 15 in a statement. “The company’s sales hit a record high in October–December 2020 with RUB151.5bn,” Wildberries said. The company doubled the number of executed orders in 2020 to RUB323.8mn. In total, the number of sold items almost tripled to RUB575.3mn. Clothes, footwear, and accessories were the bestsellers with some 50% of the turnover, or RUB217.7bn rubles. The number of pick-up points jumped by 14 times to 91,000.
The largest Russian online retailer Wildberries noted an almost threefold increase in sales of Russian-made goods ​on the online platform by the end of 2020, the company told TASS on January 20.
"In 2020, sales of Russian goods on Wildberries increased by 111% to 169.8bn rubles, growth in physical terms was 189%. The most popular Russian-made products were clothing and footwear, beauty and health products, food, books, and household items," the company said.
The number of sellers on Wildberries has grown 5-fold over the year to 91,000, of, which 75-80% are small and medium-sized businesses and self-employed. "The high dynamics of growth in the number of entrepreneurs is associated with the simplification of the registration procedure for new suppliers," the retailer notef. In 2020, the online sales channel was actively developed not only by representatives of large business and SMEs, but also by self-employed, whose number on the website almost reached 10,000 people.
It was reported earlier that the turnover of the largest Russian online retailer Wildberries at the end of 2020 almost doubled compared to 2019 (by 96%) and amounted to 437.2 bln rubles ($6 bln). The company's sales in Q4 2020 reached their maximum values in the entire history and reached 151.5 bln rubles ($2.1 bln). "The number of sellers of the online platform has grown by almost 5 times, from 19,000 to 91,000 due to the simplified registration procedure on the platform, most of the sellers are Russian entrepreneurs who have decided to develop online sales channels in 2020," the statement said.
​Yandex.Taxi has acquired taxi aggregator Vezet's call centres and cargo business. ​The deal is for up to $178mn in cash, a significant part of, which will depend on the stages of integration.
Analysts welcomed the deal and consider it to be complementary, as it strengthens Yandex.Taxi's position in regions outside Moscow, which have become the main competitive battleground. We believe the potential synergies should exceed the investment incurred, rendering the deal value-accretive. We reiterate our BUY rating on Yandex and our target price of R5,075 per share, or $65.90 per US-listed share.
131 ​RUSSIA Country Report​ February 2021 www.intellinews.com