GlobeBill-Your Russian Payment Provider On May 24, the Russian News Network released that the Alibaba intention to enter the Russian market. It also revealed that Alibabas sell-speed trading platform (AliExpress) has signed a strategic cooperation agreement with Russias largest electronic, the QIWI. This action is widely considered to be a precursor to the Alibaba Group and a major push into e-commerce market in Russia.As Chinas most famous online trading platform, holding Chinas largest onlinetrading platform, the action of Alibaba Group again indicates the broad prospects ofthe Russian e-commerce market. GlobeBill has also see the broad prospects for themajority of the common trade power is better foothold in Russia to provide thehighest quality trade payment gateway to solve the problem of electricity Russianreceivables. Mr. Lau from GlobeBill analysis as this: "the Russian e-commercesupported Russias rapidly growing economy, have their own Internet furtherpopularization as a skeleton, there is a growing domestic market to push forward andRussia’s accession to the WTO to make a more powerful. “Indeed, the Russian e-commerce market has developed rapidly in recent years. In2012, it has become the fastest growing countries in the G20 countries, reaching 18.3percent growth rate. Russia became the worlds 16th largest Internet economy in thepace of the acceleration of country.in 2012 Russian e-commerce market will have aturnover of more than 15 billion U.S. dollars for the majority of the electricity theyshare. According to the news of the authority, in 2015, Russias total e-commercemarket will double. Alibabas policy makers have also saw the prosperous Russiane-commerce market and took this opportunity to seize the Russian market. GlobeBillhas been aware of this market demand, has recently launched a Russian foreign tradereceivables solutions. Foreign trade power will be able to deal with the problems onthe Russian receivables through this solution easily, providing consumers QIWI,Webmoney or bank transfer payment method, to allow consumers to check out easily.It is understood that the Russian e-commerce market share in 2011 has accounted forapproximately 4.3% of the total retail market share.