The Bell points out that Tatyana is also indirectly related to the vice president of state-owned oil giant Rosneft, Yuri Tsoi. In an interview for Russian news agency TASS, Bakalchuk recalls that “My aunt became an accountant. The Bell estimates that Vladislav earned around $3-5mnn dollars from the sale of UTech to a company majority owned by Gazprombank in 2007.įor all that Wildberries markets itself as a homespun business, then, it is clear that big money and influence have fuelled its success.įamily connections gave the business a boost in its early days, given that many of Tatyana’s relations worked for Wildberries as it grew into a large company. He was a co-owner of UTech, whose web design studio UT Design was reportedly responsible for the first Wildberries website. The channel Svoi Da Nashi on popular social media network Telegram, which purports to tell Russians “What people are whispering about in the corridors of power”, claims that Vladislav sponsored the business in the early days.īefore Wildberries was born, Vladislav Bakalchuk traded computers – a line of work with a notorious reputation during the turbulent 1990s as the controlled economy gave way to a market economy and black-market channels proliferated. The website was reportedly created with the help of her partner Vladislav Bakalchuk, a radiophysicist and successful businessman. It specialised in selling on clothes from the catalogues of German retailer Otto Group. When it started life in 2004, Wildberries was a small website set up by Bakalchuk during maternity leave. So what exactly is the sanctioned internet giant waiting to step into AliExpress’ shoes, and what lies behind its sudden rise? It even began an ambitious programme of international expansion in 2019. While the site started out as a clothes vendor, much of that recent growth came from fairly new product categories, including household appliances and jewellery, which are also familiar territory for AliExpress, so Wildberries could make significant further inroads in the space AliExpress is slated to vacate.įounded in 2004 on the $700 savings of English teacher Tatyana Bakalchuk, Wildberries quickly surged out of obscurity, leapfrogging competitors to become a market leader. Most of all, however, AliExpress’ exit would be welcomed by Wildberries, which is the country’s biggest e-commerce player, and stands to inherit much of AliExpress’ market share. If this is true, the news will be well received by all rival online retailers, including Yandex, Ozon, Sber and Avito. Indeed, while it may not be a household name in the West, Wildberries is ranked by WebRetailer as the world’s tenth-biggest online market place, ahead of the likes of Target and Pinduoduo, when ranked by monthly visits.Īnd the outlook is only set to improve: rumours are circulating in the Russian media that Chinese e-commerce giant AliExpress is winding down its Russian operations as the war in Ukraine and Western sanctions make the Russian market an increasingly hostile environment for foreign companies. The online retailer has enjoyed a wildly successful couple of years, it now dominates the Russian market and is almost twice the size of its closest competitor. The company informed "Daryo" that it launched its operations in Uzbekistan in February 2022.In the first nine months of 2022 Wildberries saw turnover increase 95% year on year to over RUB1 trillion (around $16.5bn). Today, Wildberries operates in 20 countries of the world, including Russia, Kazakhstan, Belarus, Germany, France, Great Britain, Baltic countries, the USA and many other countries. Products of the world's most famous brands of clothes, shoes, electronics, children's and household goods are sold through the marketplace. Wildberries was founded in 2004 and today is the largest online hypermarket in a universal format.
5,000 new jobs will be created when the project starts. The total cost of the project is 130 million dollars. The sides reached an agreement to establish the Wildberries logistics complex, which can provide all relevant services, as well as a sorting centre with "one-stop" services of customs and certification authorities to simplify the procedure for registering goods. The meeting discussed the growing demand in the e-commerce market of Uzbekistan which is expected to reach 1 billion dollars by the end of the year due to the speedy wide coverage of the Internet and a large number of young active users.
On November 8, Minister of Investments and Foreign Trade of Uzbekistan Jamshid Khojayev received Vladislav and Tatyana Bakalchuk, the founders of Wildberries, one of the largest international marketplaces, the press service of the ministry reports.
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