China Business News is a weekly roundup of top business developments as reported by news outlets in China and the region.
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Russian e-commerce platform Ozon posted 239% growth in 3Q 2021 as the company expands its logistics to meet booming demand.
Russian tech giant Yandex is well-placed to weather the latest lockdowns through its diversified business model, according to analysts at Sova Capital.
M.Video-Eldorado Group saw its mobile platform sales double in Q3 as Russia’s largest consumer electronics retailer pursues its hybrid OneRetail strategy.
Russian e-commerce giant Ozon saw orders increase by 180% year-on-year in 2Q 2021 as it targets a third of the country’s market by 2026.
Russia’s largest food retailer, X5 Retail Group, announced third quarter like-for-like sales rose by 6.9%, the fastest pace in over three years.