AliExpress Russia Fund Management System Upgrade

Recently, AliExpress merchants have been notified by the platform: In order to adapt to the latest environment and ensure the long-term operation of merchants, AliExpress Russia will upgrade the fund management system.

At present, some merchants have started to receive the relevant notice, it is understood that the notice is being sent in batches, the merchants who have not received it can wait patiently.

We have previously reported that Aliexpress Russia has launched a new version of the APP that has been in trial operation for one year: now AliExpress users in Russia and other regions can shop on the new version of the APP. Compared with the original version, the new version of the app can provide more than 160 million products, has a product design that is more in line with the habits of local Russian users, new search algorithms and improved performance. In addition, the new version of the app has also improved in terms of stability.

There are signs that Russia’s e-commerce market is gradually recovering, and some businesses have already reflected recently: orders from Russia are starting to increase. In the long run, Russia’s light industry is small, and China has a deep industrial complementarity with the fundamentals have not changed.

Public data shows that the total Russian online retail market in 2021 is up to $25 billion. According to Infoline’s preliminary forecast, Russia’s e-commerce market grew by 40% in 2021, with many Russian e-commerce platforms experiencing faster growth. According to eMarketer statistics, Russia ranks third in global e-commerce sales growth in 2021, after India and Brazil. statista data also shows that Russia’s e-commerce user penetration rate will reach 46.7% in 2022 and is expected to reach 50.4% by 2025.