Russian investment fund to cooperate with Chinese digital trade platform
The collaboration agreement, signed on the sidelines of the forum, underscores joint efforts to modernize trade processes through technological integration. "RDIF and Qifa, a Russia-China B2B digital trade platform, have agreed to partner in developing digital trade and scaling bilateral trade volumes," the fund stated in a press release.
According to RDIF, the initiative will harness AI-driven solutions to streamline trade workflows, enhancing transparency and operational efficiency for businesses. This, in turn, is expected to drive product assortment expansion and cost optimization -- key levers for accelerating trade growth in line with bilateral strategic objectives.
"China leads in trade volume with Russia, with a robust e-commerce ecosystem already in place. RDIF's focus on facilitating market access for Sino-Russian enterprises makes this partnership with Qifa an important step in elevating cross-border digital trade," said Kirill Dmitriev, CEO of RDIF, in a statement.
The 28th St. Petersburg International Economic Forum runs from June 18 to 21 this year, gathering delegates from over 100 countries and regions.
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Borneo Post
3 hours ago
- Borneo Post
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The Star
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