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Why Russia doesn’t  have eBay? January 2009
Russia is the single market in the entire world that still doesn’t have a major online marketplace ?
Different people give different reasons for that… ,[object Object],[object Object],[object Object],[object Object],[object Object]
Payment: there are plenty of online services but to start a marketplace one doesn’t really need them ,[object Object],[object Object],[object Object]
As in other markets, cash-paid online transactions will work perfectly in Russia ,[object Object],[object Object],[object Object],[object Object]
Logistics: already developed and not that challenging ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Internet penetration increases by 3-4 % annually which makes Russia one of the fastest growing markets for e-commerce ,[object Object],[object Object],[object Object],[object Object],[object Object]
Trust: how much trust does one need to spend $100 online? ,[object Object],[object Object],[object Object]
Mentality: is it true that Russians are that different from the rest of the world?... ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Countries where a marketplace became a major means of online shopping:
Rapid economic and infrastructure development created necessary conditions for an online marketplace to take-off 36% Internet penetration Russia becomes the second largest Internet country in Europe Russia becomes the largest Internet country in Europe 43% Internet penetration Russian becomes the fifth largest Internet language in the world  46% Internet penetration Russian GDP per capita, current USD Broadband Internet penetration in Moscow, % of  Internet households Russian Internet population, mln. people ??? Russian “Google” Russian “Yahoo” Russian “eBay” Valuation ~$2-5bn Valuation ~$1-2bn Valuation ???
The real answer: nobody has really tried ,[object Object],[object Object],[object Object]
The last opportunity to build a large-scale proven business model in Russia…

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Why Russia Doesn't Have e-Bay

  • 1. Why Russia doesn’t have eBay? January 2009
  • 2. Russia is the single market in the entire world that still doesn’t have a major online marketplace ?
  • 3.
  • 4.
  • 5.
  • 6.
  • 7.
  • 8.
  • 9.
  • 10. Rapid economic and infrastructure development created necessary conditions for an online marketplace to take-off 36% Internet penetration Russia becomes the second largest Internet country in Europe Russia becomes the largest Internet country in Europe 43% Internet penetration Russian becomes the fifth largest Internet language in the world 46% Internet penetration Russian GDP per capita, current USD Broadband Internet penetration in Moscow, % of Internet households Russian Internet population, mln. people ??? Russian “Google” Russian “Yahoo” Russian “eBay” Valuation ~$2-5bn Valuation ~$1-2bn Valuation ???
  • 11.
  • 12. The last opportunity to build a large-scale proven business model in Russia…