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    China Develops Web-Based Platform to Sell Russian Goods

    © AFP 2019 / WANG ZHAO
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    In the Chinese city of Heihe, Heilongjiang Province, an online platform for the sale of Russian goods has been established.

    “On this platform it will be possible to communicate online, make deals, monitor the progress of transactions essentially ensuring trade security,” General Director of the company ‘Epindo’ Jing Quan said.

    On the promotion of Russian goods in China, the company has already spent 20 million yuan ($3.1 million).

    The internet platform was created in O2O segment — online-to-offline, the main purpose of which is to attract clients from Internet to the real stores.

    According to estimates by the Chinese side, this business model is set to ensure close contact between exporting products from Russian exporters to the Chinese importers.

    Jing Quan, said that in the future, a large online B2B platform will be established to supply food products from Russia.

    According to online publication Ruposters, on April 8, the Ministry of Economic Development of Russia on behalf of President Vladimir Putin prepared a draft for a Russian analogue of the Chinese Alibaba service.

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