Yandex.Money has launched online platform TradeEase
08.09.2015 458 views
TradeEase, a Chinese online trading platform is launched in Russia to allow buying goods in China through the Internet.
200 Chinese stores offer their goods on the marketplace now, with 800 other companies being ready to follow suit by the year end.
Among the TradeEase initiators are Bank Of China branches, the government of the city of Suifenhe and PayEase, a Chinese payment integrator. Yandex.Money uses its payment solution Yandex.Kassa (cash-desk) to support payments made through the TradeEase platform.
For the convenience of customers prices in TradeEase are displyed in rubles. The marketplace will accept payments from Yandex.Money wallets; now a bank card can be used to pay for the order. In case of a dispute between the buyer and seller, the arbitration service will help solve it.
TradeEase is able to attract 100 thousand. customers by the end of the month, and 1 million by the year end.
According to EWDN, the cross-border online-commerce volume in the country amounted to $5 billion in 2014, with the share of trade between Russia and China accounting for 70% thereof. 50 million orders in total were placed by Russians in the Chinese online stores during the last year alone.