![]() ![]() meters in any free economic zone in Armenia. The cooperation possibility was discussed in a video conference with representatives of the Ministry of Economy.Īccording to Wildberries, it would like to have a logistics warehouse center, combined with a sorting center on an area of 5000 sq. According to the Ministry of Economy, cooperation with Wildberries is of particular importance, especially in terms of ensuring the presence of Armenian goods on its platform. The largest online retailer in Russia, Wildberries, is looking into the possibility of building a logistics warehouse center in Armenia, the Armenian Ministry of Economy said.Ĭurrently, Wildberries has over 30 pick-up points in Armenia. "We want to strengthen our work with local entrepreneurs.YEREVAN, November 10. "There is a need to carry out more intensive work on existing projects," Bakalchuk, who Forbes estimates holds assets worth $13 billion, said. E-commerce penetration in Russia, where logistics and poor infrastructure pose big challenges, has been growing fast of late but is still much lower compared to markets such as Britain or the United States. It also plans to expand its logistics network in Kazakhstan, Armenia and Belarus, and to at some point enter Uzbekistan - "a very promising market".īuilding up at home is also a focus. Present in 19 countries, with Britain just added, it aims to expand into two more next month, she said. Debt stands at 35 billion roubles.īakalchuk declined to be drawn on the threat from competition, saying on the firm was "constantly competing with ourselves". In 2021 it expects an almost fivefold jump in net profit to 10 billion roubles ($136 million) from 2.1 billion roubles in 2020, Bakalchuk said, and a rise in gross merchandise volume to more than 800 billion roubles, a record level. With almost one in three Russians using its service, Wildberries is still the clear market leader, pulling in more than double the sales of its nearest rival Ozon last year, according to Statista. Nasdaq last year, and other big Russian tech firms like Yandex (YNDX.O). The strategy is in sharp contrast to peer Ozon (OZON.O), which debuted on the U.S. then attracting an investor is definitely a no," Bakalchuk, who owns 99% of the company, said. The retailer, which started out as an online platform reselling clothes from the likes of German mail order group Otto and now supplies everything from electronics to kitchenware, is even less likely to part with a stake to a strategic investor, she said. "Everything can happen in this life, but this is not yet in our strategy." They believe that in two years, most likely, this euphoria will pass," Bakalchuk said. "Banks that come to us say - please, understand that now is the most favourable time for an IPO, because this will be the cheapest money raised. ![]() Speaking to Reuters via videolink from her home in the Moscow suburbs, Bakalchuk, a mother of seven and former teacher who founded her firm while on maternity leave in 2004, said a long-resisted move to go public was still not part of its plans. ![]() The founder of Wildberries, Russia's largest ecommerce retailer, has made it to the top of Forbes' list of Russia's richest women without any help from external investors, and plans to keep it that way. MOSCOW, Dec 17 (Reuters) - Tatyana Bakalchuk is a rarity – a dotcom billionaire uninterested in outside capital or a stock market listing. ![]()
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