MOSCOW, Oct 11 (Reuters) - Online retailer AliExpress Russia
on Monday reported gross merchandise volume (GMV) of 133.3
billion roubles ($1.86 billion) for the first half of the
2021-22 financial year, a year-on-year increase of 36%.
AliExpress Russia, which said in April that an initial
public offering was a possible step for the company, has
previously not disclosed a growth indicator for GMV, an
e-commerce metric used to measure transaction volumes. It stood
at almost $3 billion for the previous financial year.
A joint venture launched in 2019 between Chinese online
shopping giant Alibaba and Russian partners, AliExpress
Russia operates domestic and cross-border sales and in April
said it had 29.1 million active users on its online marketplace.
($1 = 71.6519 roubles)
(Reporting by Alexander Marrow, editing by Louise Heavens)