Russia And China To Create New Ecommerce Platform

Russia and China are to work together on the creation of a new ecommerce platform. The platform will be called LeLive, and comes after an agreement between The Russian Far East Development Fund and China's LeEco. The aim of the new platform will be to enable the promotion of Russian agricultural products in the large Chinese market. It will run on China's pre-existing Le Ecosystem, which already has 350 million monthly users in the country, and has recently expanded into the US and India. LeLive will sell staple foodstuffs from Russia to Chinese customers, with distribution being handled on a newly announced cross border railway.