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AliExpress Russia H1 Turnover Grows 36%, Losses Widen

A screenshot from the AliExpress Russia site. Shutterstock
AliExpress Russia is now one of the country's top three e-commerce players by turnover volume. Shutterstock

The turnover of online retailer, AliExpress Russia, grew 36 percent in the first half of 2021, compared to the same period last year, reaching 133.3 billion roubles ($1.8 billion).

This elevates AliExpress Russia to one of the three biggest e-commerce companies in Russia by turnover volume. Though the company’s first half net losses also widened significantly to almost a billion roubles (around $13 million) against 533 million roubles ($7.2 million) for the same period in 2020.

The platform’s number of active customers over the year grew to 27.9 million people and AliExpress Russia now boasts more than 20,000 pick-up points across Russia.

AliExpress Russia was created in October 2019 as a joint venture of the Chinese Alibaba Group, Russian telecom company MegaFon, Internet giant Mail.ru Group and the Russian Direct Investment Fund (RDIF).

Learn more:

AliExpress Russia Prepares for 2022 IPO

AliExpress Russia is considering going public in 2022, Tatiana Volochkovich, Investor Relations Director of Mail.ru Group, announced during the Mail.ru Group webinar Sources of Growth and Strategic Goals.

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