This post was originally published on this site
https://i-invdn-com.investing.com/trkd-images/LYNXMPEHAB0BT_L.jpg
Sberbank became the majority shareholder in SberMarket in January after buying a stake from its joint venture with internet company VK, known as Mail.Ru Group before a rebranding last month.
SberMarket’s gross merchandise value (GMV), an e-commerce measure of transaction volumes, in July-September jumped to 14.5 billion roubles ($203.75 million). The number of orders increased by more than four times to 5.994 million.
Express delivery accounted for 24% of the total number of orders.
In the first nine months of this year, GMV reached 36.2 billion roubles, which is three times higher than in the same period a year ago.
Last month, AliExpress Russia, an e-commerce venture between Chinese online shopping giant Alibaba (NYSE:BABA) and Russian partners, reported GMV of 133.3 billion roubles for the first half of the 2021-22 financial year, up 36% year-on-year.
($1 = 71.1640 roubles)
