On August 8, Yandex Market, one of the largest e-commerce platforms of Russia, held the first official seller summit of East China in Hangzhou, attracting more than 1,500 cross-border e-commerce practitioners.

Yandex Market plans to recruit 30,000 Chinese sellers within the year. Hangzhou will become the core hub. Depending on the mature supply chain of Hangzhou, Chinese brands will have new opportunities for going global.