Latest news with #Uzbekistan-based
The Sun
12-06-2025
- Business
- The Sun
Wildberries plans to build a $150 million warehouse in Uzbekistan
TASHKENT, UZBEKISTAN – Media OutReach Newswire – 12 June 2025 – Wildberries, a leading e-commerce platform in Eurasia, plans to spend $150 million on building a flagship warehouse in Uzbekistan to bolster the infrastructure of the country's growing e-commerce market. The company will construct a warehouse spanning 180,000 square meters (1.9 million square feet) in the Tashkent region and has already identified a land plot for it, Robert Mirzoyan, CEO of the merged company Wildberries & Russ, said at the IV Tashkent International Investment Forum. Over the past two years, the sales volume of Uzbekistan-based sellers on the Wildberries platform exceeded USD 1 billion, according to Mirzoyan. Deliveries of Uzbek textiles to Kyrgyzstan, Belarus, and Kazakhstan via Wildberries doubled last year, and exports of Uzbek products to Russia — the company's largest market — grew by 63%. 'Our goals in Uzbekistan are to create a full-fledged e-commerce infrastructure through logistics and fintech, unlock the country's export potential and integrate Uzbek products into global trade chains,' said Mirzoyan. As part of its support for local sellers, Wildberries has partnered with Uzbekistan's National Agency for Prospective Projects on the launch of a 'Green Corridor' for exporters. This initiative will simplify cross-border sales for Uzbek entrepreneurs on Wildberries, which currently operates in 10 countries. During the Tashkent International Investment Forum, the company also announced the launch of its Growth Platformin Uzbekistan, an initiative aimed at supporting and scaling up small and medium-sized businesses. Entrepreneurs will gain access to Wildberries & Russ' advanced digital advertising tools, training programs in online sales, and the company's extensive infrastructure to successfully export their products to other markets. At the initial stage, the Growth Platform will engage approximately 100 Uzbek entrepreneurs selected in consultation with Uzbekistan's Ministry of Investment, Industry and Trade. Participants include manufacturers of clothing, home textiles, footwear, bags, cosmetics, household chemicals, and appliances. The initiative is expected to expand to include more sellers in the future.
Zawya
12-03-2025
- Business
- Zawya
Uzbekistan's Sellers Post Record Sales Growth on Wildberries Marketplace
Asia Press Release MOSCOW, RUSSIA - Media OutReach Newswire - 12 March 2025 - Wildberries, a leading e-commerce platform in Eurasia, saw record sales growth in products from Uzbekistan-based sellers, led by surging demand for Uzbek textile goods in neighboring markets. Sales of goods produced in Uzbekistan increased by 61% overall last year, with textiles accounting for 83% of all goods sold by Uzbek sellers on the Wildberries platform. Wildberries connects local sellers to customers across seven neighboring markets where the platform operates, creating new opportunities for exports. Sales of Uzbek textile products rose by 117% in Kyrgyzstan, 114% in Belarus, 108% in Kazakhstan, and 63% in Russia in 2024. Uzbekistan ranks among the world's top 10 cotton producers, and its textile industry plays a vital role in the national economy, employing 570,000 people out of a population of approximately 37 million. Uzbek textiles stand out for their high quality and competitive cost, making them attractive to Wildberries' international customer base. The most popular products included T-shirts, pajamas, long-sleeves, polo shirts, and trousers. Among the fastest-growing items in terms of sales volume, jackets saw an increase of 2479%, while baby jackets rose by 936% and thermal turtlenecks by 647%. As part of the company's mission to support local businesses in its countries of presence, Wildberries offers training for Uzbek entrepreneurs in partnership with the Uzbekistan Chamber of Commerce and Industry. In 2024, the company held over 90 seminars for Uzbek entrepreneurs on how to launch and scale their sales on the marketplace, helping to boost their export potential. Wildberries is also developing the Women Entrepreneurs (WE) Fintech initiative in partnership with the Fintech Association of Uzbekistan, whose aim is to advance digital and e-commerce skills among women. The association brings together girls and women preparing to launch small businesses, and Wildberries conducts training sessions for them under its PRO WB educational program. Hashtag: #wildberries The issuer is solely responsible for the content of this announcement. About Wildberries Established in 2004 in Russia, Wildberries is a leading e-commerce platform operating in Armenia, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Russia and Uzbekistan, while also partnering with sellers in China. Wildberries provides a state-of-the-art IT infrastructure to support customers and sellers, along with a developed logistics network spanning more than 130 facilities and 58,000 pick-up points across its markets. As of 2024, Wildberries serves over 75 million customers and processes more than 20 million orders per day. Wildberries Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an 'as is' and 'as available' basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release. The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk. To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
