AliExpress Russia, an e-commerce joint venture launched in 2019 by Alibaba and its Russian partners, is eyeing an initial public offering (IPO) in pursuit of a new funding source to support its business as the online retailer’s supply chains have been affected by coronavirus-induced restrictions, according to Reuters.
“If nothing changes, the [company] results will be decent and the market will be ready for this kind of placement. Once the board of directors supports such a strategic management vision, then…it could be seen by as early as next year but no [final] decision has yet been made,” she said.
According to the results of the last financial year (ended on March 31, 2021), the turnover of AliExpress Russia reached $3.1 billion (229 billion rubles). The turnover of goods from Russia during this period amounted to about $755 million (55 billion rubles) and grew by 151% year-on-year.
Without providing a growth comparison, AliExpress Russia said that its gross merchandise volume (GMV) for the 2020-2021 financial year totaled 230 billion roubles ($3 billion), a little more than three quarters of which came from its cross-border transactions, which CEO Dmitry Sergeev said grew in line with Russia’s total e-commerce market. Reuters said that Russia’s total e-commerce sales enjoyed a year-on-year increase of about 40% in 2020, citing data from market research firm Euromonitor.
AliExpress Russia’s net losses widened in the first half of 2021 to almost a billion roubles (around $13 million) against 533 million roubles ($7.2 million) for the same period in 2020.
At https://www.z2u.com/aliexpress/accounts-5-16471, players have full control over their AliExpress Seller Account costs, buyers can choose from a variety of trades and offers, while sellers decide how much to charge.Communication is another thing that makes z2u.com much better than other places. At z2u, players can talk with buyers through instant chat if they have any questions or concerns.