Russians invest in China's online commerce

"Clone" of Internet superstore Amazon.com - Project 360buy.com - can get "hundreds of millions of dollars" of investment fund Digital Sky Technologies Global. Features 360buy.com: a large proportion (36%) in the rapidly growing Chinese market, retail online trading, customer base of 15 million registered users, the world's largest companies (such as Wal-mart) among the owners of the project. DST Global Investment Fund is working with foreign assets - for example, owns small stakes Facebook and Groupon (another part of this investment group, Mail.ru Group, invests in a Russian web projects). One of the key owners of the investment group DST Global is the Russian billionaire Alisher Usmanov, manages the fund another famous Russian, Yuri Milner. According to the newspaper Financial Times, DST Global Fund and other investors are willing to become co-owners 360buy.com, intend to invest in Chinese online mall "hundreds of millions of dollars." And they will not be the first: the largest Chinese e-shop works since 2004, and attracted venture capital investment from 2007. According to an online retailer, in 2008 the total revenue 360buy.com exceeded $ 183 million, but the high rate of growth of the Chinese market e-commerce is generally known - over the past two years, revenues of the project could increase several times. The last (for now) is an investor 360buy.com store chain Wal-mart, interested in developing the Chinese market. In December 2010, the company Wal-mart has invested in this online hypermarket $ 500 million (note that the shares 360buy.com time were not placed on the exchange). Chinese Internet hypermarket carries remote sales of electronics, clothing, shoes, etc., supports a network of offices in Beijing, Shanghai and Guangzhou. In addition to trade the "physical" goods, 360buy.com developing its own sales site like Groupon. It is worth noting that the project Groupon (about 5% of which is owned by DST Global) is interested in entering the Chinese market through partnership with a local Internet company Tencent (which, in turn, is one of the minority investment fund DST). In addition, recently became aware of the launch of the "second DST» - DST Global Fund 2 - also focused on investments in Internet companies.