Latest news with #Eurasia
Bloomberg
8 hours ago
- Business
- Bloomberg
Russian Oil Revenue Falls to Two-Year Low as Global Prices Sink
Russia's proceeds from oil in the state budget shrank last month to the lowest since June 2023 as global crude prices declined. Oil-related taxes dropped by 32% last month from a year earlier to 430.4 billion rubles ($5.5 billion), according to Bloomberg calculations based on Finance Ministry data published on Wednesday. Combined oil and gas revenue totaled 512.7 billion rubles, down more than 35%.
Malay Mail
15 hours ago
- Business
- Malay Mail
Wildberries Expands into Social E-commerce with Wibes App
MOSCOW, RUSSIA – Media OutReach Newswire – 4 June 2025 – Wildberries, a leading e-commerce platform in Eurasia, is actively expanding into social commerce (s-commerce) with its short video app called Wibes which surpassed 5.5 million users at the end of app, which launched in beta mode in March, features hundreds of thousands of short videos (up to 90 seconds long) about various products on the Wildberries marketplace, created by sellers and influencers as well as ordinary users. While watching the videos, users can add items they like to their shopping cart on Wibes, and the items appear instantly in their shopping carts on the Wildberries website or app where they can complete the purchase. This format merges entertainment and inspiration with seamless shopping."Wibes are the emotions and impressions that purchases evoke in us," said Tatyana Kim, Wildberries founder and CEO. "I've long wanted to create a space that helps buyers get to know products better through video reviews and short articles, while also offering new opportunities for sellers and bloggers".S-commerce is booming globally, driven by Gen Z's preference for engaging content, video consumption, and greater trust in influencer reviews over traditional advertising. In China, where platforms like TikTok Shop and Pinduoduo thrive, social commerce already accounts for around 30% of online Wildberries seller can promote their products on Wibes, either by creating their own videos or tagging items they would like influencers to promote. Influencers can then choose from the available products, create review videos, and publish them on for sellers operates on a Cost Per Order model, with sellers paying a 10% commission on sales made through Wibes. Meanwhile, influencers and other bloggers regardless of their audience size earn a commission of 9.9% from sales generated via their content on Wibes from 1 June – up from an initial 5% commission at the time of the app's the launch of the monetisation programme, more than 2,500 content creators have joined Wibes. Wildberries sellers have made over 18,000 products available for promotion, and users have added more than 400,000 items from Wibes videos to their shopping #Wildberries The issuer is solely responsible for the content of this announcement. About Wildberries Established in 2004 in Russia, Wildberries is a leading e-commerce platform operating in Armenia, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, Uzbekistan, while also partnering with sellers in China and the UAE. Wildberries provides a state-of-the-art IT infrastructure to support customers and sellers, along with a developed logistics network spanning more than 130 facilities and 70,000 pick-up points across its markets. As of 2025, Wildberries serves over 79 million customers and processes more than 20 million orders per day.
Zawya
16 hours ago
- Business
- Zawya
Wildberries Expands into Social E-commerce with Wibes App
MOSCOW, RUSSIA – Media OutReach Newswire – 4 June 2025 – Wildberries, a leading e-commerce platform in Eurasia, is actively expanding into social commerce (s-commerce) with its short video app called Wibes which surpassed 5.5 million users at the end of May. The app, which launched in beta mode in March, features hundreds of thousands of short videos (up to 90 seconds long) about various products on the Wildberries marketplace, created by sellers and influencers as well as ordinary users. While watching the videos, users can add items they like to their shopping cart on Wibes, and the items appear instantly in their shopping carts on the Wildberries website or app where they can complete the purchase. This format merges entertainment and inspiration with seamless shopping. "Wibes are the emotions and impressions that purchases evoke in us," said Tatyana Kim, Wildberries founder and CEO. "I've long wanted to create a space that helps buyers get to know products better through video reviews and short articles, while also offering new opportunities for sellers and bloggers". S-commerce is booming globally, driven by Gen Z's preference for engaging content, video consumption, and greater trust in influencer reviews over traditional advertising. In China, where platforms like TikTok Shop and Pinduoduo thrive, social commerce already accounts for around 30% of online sales. Any Wildberries seller can promote their products on Wibes, either by creating their own videos or tagging items they would like influencers to promote. Influencers can then choose from the available products, create review videos, and publish them on Wibes. Monetisation for sellers operates on a Cost Per Order model, with sellers paying a 10% commission on sales made through Wibes. Meanwhile, influencers and other bloggers regardless of their audience size earn a commission of 9.9% from sales generated via their content on Wibes from 1 June – up from an initial 5% commission at the time of the app's launch. Since the launch of the monetisation programme, more than 2,500 content creators have joined Wibes. Wildberries sellers have made over 18,000 products available for promotion, and users have added more than 400,000 items from Wibes videos to their shopping carts. Hashtag: #Wildberries The issuer is solely responsible for the content of this announcement. About Wildberries Established in 2004 in Russia, Wildberries is a leading e-commerce platform operating in Armenia, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, Uzbekistan, while also partnering with sellers in China and the UAE. Wildberries provides a state-of-the-art IT infrastructure to support customers and sellers, along with a developed logistics network spanning more than 130 facilities and 70,000 pick-up points across its markets. As of 2025, Wildberries serves over 79 million customers and processes more than 20 million orders per day. Wildberries
Al Arabiya
2 days ago
- Business
- Al Arabiya
Free trade talks between India, Eurasian countries to start this year: Russian official
Discussions on a free trade agreement between India and the Eurasian Economic Union countries are expected to start this year, Russian Trade Commissioner in India, Andrey Sobolev, said on Monday.
Yahoo
3 days ago
- Business
- Yahoo
Free trade talks between India, Eurasian countries to start this year, Russian official says
NEW DELHI (Reuters) -Discussions on a free trade agreement between India and the Eurasian Economic Union countries are expected to start this year, Russian Trade Commissioner in India, Andrey Sobolev, said on Monday. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
