Yandex.Checkout welcomes DHgate.com — strengthening collaboration with Chinese online retailers
May 15, 2018
Chinese online retailer DHgate.com has started accepting payments using Yandex.Checkout. The most popular online payment provider in Russia and Chinese leading b2b e-commerce platform made the deal in May this year.
Being a recommended foreign trade marketplace by Ministry of Commerce of China, DHgate.com has overall 1.7 million Chinese sellers and 15 million global buyers from 222 countries and regions. Its website operates in eight languages including Russian. DHgate lists 7.7 million products, among of the most popular ones in Russia are:
Athletic & Outdoor apparel
Clothing and shoes
The founder and CEO of DHgate Diane Wang says: «As one of the largest emerging markets for e-commerce, Russia has great potential to streamline international trading processes through cross-border e-commerce marketplaces like DHgate.com. By integrating solutions of payment, logistics, warehousing, marketing with local partners, DHgate will be able to enable local Russian retailers, especially Small-and-Medium sized Enterprises (SMEs) to access first hand-made-in-China products, at competitive prices.»
Cross-border e-commerce in Russia continues growing. In 2017, according to Association of Russian Internet Companies latest study, the e-com cross-border market reached 374.3 billion rub, with Chinese goods making 90% of all goods ordered in foreign online stores.
Yandex.Checkout is currently expanding its collaboration with Chinese online stores. Being the leading payment service provider in Russia and the CIS, Yandex.Checkout offers its services to over seventy large and medium Chinese online platforms, including AliExpress, GearBest.com, JD.com and many others.
Yandex.Checkout is the leading service for accepting online payments in Russia, according to a 2017 survey by MARC. Yandex.Checkout received the Emerging Payment Award at the Merchant Payments Ecosystem conference (Berlin) in 2017. With this payment solution, merchants from all over the world can offer Russian consumers the online payment methods most popular among Russians and CIS-citizens: bank cards, e-wallets, mobile phones, cash via mobile retailers and payment kiosks (there are over 250 thousand cash-acceptance points all over CIS). Currently, more than 76,000 online stores across the globe use Yandex.Checkout.
Yandex.Checkout was launched by Yandex.Money in 2013. Yandex.Money is the joint venture of search engine Yandex (NASDAQ: YNDX), and Sberbank, the largest bank in Russia. Yandex.Money also offers consumers easy, safe, and reliable methods of paying online on its own site and mobile app. The service hosts about 35 million user accounts. Yandex.Money is the largest electronic payments service in Russia, according to a 2017 survey by Mediascope.