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AliExpress Russia see possible IPO reports $ 3 billion trans

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AliExpress Russia see possible IPO reports $ 3 billion trans

Postby kafa88 on 08 Apr 2021, 09:41

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Online retailer AliExpress Russia on โหลด slotxo ios Wednesday said an initial public offering was a possible step for the company, which reported $ 3 billion in gross merchandise volumes (GMV) in the 2020-21 fiscal year.A joint venture launched in 2019 with China's Alibaba and Russian partners AliExpress Russia conducts domestic and cross-border sales.The company said it now has 29.1 million monthly active users in the online marketplace.AliExpress Russia did not compare all GMVs, which stood at 229.3 billion rubles ($ 2.96 billion) for the year to March 31, GMV for domestic businesses increased by 151% year-on-year at 54.9 billion rubles. The company said.

The COVID-19 outbreak has raised Russia's e-commerce sector as health restrictions keep consumers at home, but AliExpress Russia, which has been dependent on cross-border transactions for more than three-quarters of its businesses, is slower to see results. Advantage is supply The chain adapts to new travel restrictions.The company said the IPO was a possible step. But such a decision is a procedure for shareholders.There are no specific plans for dates - maybe next year or later," said AliExpress Russia.CEO Dmitry Sergeev said the company's cross-border business grew in line with the all-Russian e-commerce market,

where analysts at market research firm Euromonitor put it at almost 40% in 2020 and that its domestic business grew ahead of the market.Russian e-commerce leader Wildberries reported a full-year 2020 GMV of 437.2 billion rubles, a 96% year-on-year increase, online retailer Ozon, which exhibited a successful initial public offering (IPO). At the end of last year, it reported 144% GMV growth in 2020 at 197.4 billion rubles.AliExpress Russia said the 2020 GMV, excluding services, was 209.6 billion rubles, with no growth benchmark.The company said it was sticking to an annual turnover target of $ 10 billion by 2023, the figure first disclosed in an interview with Sergeev to Reuters in July.
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Re: AliExpress Russia see possible IPO reports $ 3 billion trans

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