Wildberries President Tatyana Bakalchuk in an interview RBC confirmed that the company has entered the Chinese market. Local vendors and manufacturers will supply their products directly to the site for all countries where the facility is located
“We are now starting to work with manufacturers and sellers in China, who will supply their products directly to our site for all countries where we have a presence,” he said.
According to the entrepreneur, this situation will not affect Russian trade in any way, it will continue to be a priority. He explained that currently 90 percent of the company’s total turnover comes from Russia, while the rest consists of activities abroad.
In August, Maxim Loginov, a resident of the Skolkovo Foundation, the founder of the first Russian system for legal promotion on JVO marketplaces, socialbites.ca expressed an opinionThe entry of Wildberries into China will hit hard Russian self-employed, small and medium-sized sellers who sell goods at high prices, earn on the difference and are not involved in creating a brand in the Russian Federation.
Formerly founder of Wildberries appreciated the idea of passing the business on to the children.