Chief Executive Dmitry Sergeev, who did not give details on current turnover, told Reuters the company could consider an initial public offering in three to four years, although he called the existing shareholding structure “optimal”.
He said AliExpress Russia wanted to increase the share of Russian sellers on the platform to 50% by 2022-2023, adding that purchases from China now dominated business. He also said the firm aimed for 50 million customers a year. Experts from Moscow’s Higher School of Economics estimated the volume of goods shipped to Russians from abroad was worth $6.5 billion in 2019. A Russian Postal Service official said more than 90% of foreign shipments arrived from China, much of it driven by online orders via AliExpress Russia.
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