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Fintech & E-commerce
May 2020 www.intellinews.com I Page 16
cooperate with well-known international brands and small local businesses,” said director of Wildberries’ business development Vyacheslav Ivashchenko, quoted by Eurobuild.
“In addition, Wildberries is ready for active partnership with Slovak manufacturers, who in
the future will have the opportunity to sell their products online,” he added.
Wildberries is offering 1.7bn products from 18,000 brands to customers in Slovakia consumers, including women’s, men’s and children’s clothing, footwear, accessories and toys.
The company reported a turnover increase in 2019 of 88% to RUB223.5bn ($3.6bn), handling over 164mn orders last year. This year it kicked off with the launch of its European operations in Poland, offering almost half of the brand assortment of
its Russian platform on wildberries.eu.
Forbes Russia in 2019 estimated Wildberries’ 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.