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bne Tech
May 3, 2019 www.intellinews.com I Page 23
Wildberries leads the top 50 Russian e-commerce online stores ranked by revenues in 2018
Adrien Henni in Moscow for EWDN
Fashion e-commerce retailer Wildberries was Russia’s biggest e-commerce online store in 2018 according to a new ranking by revenues from Data Insight, reports East-West Digital News (EWDN).
Data Insight is a specialised research agency and released its ranking of Russian e-commerce sites in 2018 at the end of April.
Sites are ranked by sales volume (including VAT), number of orders and average order value as estimated by the research agency and, in certain cases, confirmed by the companies. The ranking excludes marketplaces, which explains why Aliexpress, the Alibaba subsidiary that dominates cross-border flows in Russia, is not mentioned.
Russian online store Wildberries leads the top 100 ranking of biggest Russian e-commerce sites by revenues and is worth more than a billion dollars
Fashion site Wildberries.ru maintained its leadership (since 2016) with sales revenues nearing $1.8bn in 2018, up 74% from the previous year. The site is also the global leader by traffic – ahead of ASOS, H&M, Zara, Next, Uniqlo and alike, according to SimilarWeb. Forbes Russia recently estimated Wilderries’ value at $1.2bn, making it the fourth most valuable Internet company in Russia after Yandex, Mail.ru Group, and Avito.
Wildberries also recently made it into the top three most valuable internet unicorns ranking from Forbes with an estimated value of $1.2bn.
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Moscow aims to become a top three global startup venue by 2030
Moscow is moving up the global rankings for cities that welcome startups and aims to enter the top three by 2030, according to Alexey Parabuchev, general director of Moscow’s Agency of Innovations, as cited by TASS.
The Russian capital has already moved up from 14th to 10th place in the latest ranking of cities with the best ecosystems for startups, according to consultant StartupBlink.
“Competition among the top 50 cities in the rank- ing is very tough, and the top 10 places are held by
the strongest traditional leaders. Moscow is the only new city in the top 10 compared to the previ- ous ranking compiled in November 2017, having overtaken Paris,” Parabuchev told TASS.
“Moscow’s innovation ecosystem continues to develop rapidly, and the city is fully capable of progressing to sixth place in the ranking by 2021. To achieve this, it will have to overtake cities like Seattle, Chicago, Berlin and Tel Aviv.
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