Russia's X5 aims for larger foothold in online trading

10/15/2009 | Reuters

As part of its plan to increase market share in online trading, X5, the largest grocer in Russia, said it has entered into a joint venture with a couple of e-commerce retailers, and "Internet retailing is still in its infancy in Russia, and X5 has the opportunity to develop the leading online retail brand," X5 Chief Executive Lev Khasis said.

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