At the just ended 2025 Global Cross Border E-commerce Trade Expo, Yandex Market, the leading e-commerce platform of Russia, announced that it would set up the first business service center of China in Hangzhou.

Yandex Market stated: "Its establishment of the service center in Hangzhou is not only because Hangzhou is a city that has the first cross-border e-commerce comprehensive pilot area of China, and cultivates a large number of mature sellers entering markets in Europe, America, Southeast Asia, etc., but also because Hangzhou is the capital of e-commerce in China, with numerous domestic e-commerce brand sellers."

Wang Yulong, the CEO of Yandex Market China, said: "Particular attention will be paid to Hangzhou market in 2025, and the first official sellers summit of Yandex Market in East China will be held in Hangzhou on August 8."