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, bolero.ru and 003.ru. "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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