X5 Group and Sber discuss ecosystem partnership expansion

Russia’s X5 Group and Sber (formerly known as Sberbank) are in discussions to expand their cooperation on projects in e-commerce, data architecture management, the development of cloud technologies and artificial intelligence, as well as the creation of virtual assistants. 

X5 Group’s main area of focus in e-commerce will be on developing express delivery services, while the Perekrestok Vprok stock up shopping service may be merged into Sberbank’s own online business and developed as part of its ecosystem, in particular with the SberMegaMarket marketplace. 

The mobile app of X5’s online #hypermarket https://t.co/O0KRJpiA0C had more than 10 million downloads in 2021. Orders made through the app currently acount for ~70% of total turnover at https://t.co/O0KRJpiA0C, while the monthly audience is about 900,000 people pic.twitter.com/6qmX6jjBwx

— X5 Group (@X5_RetailGroup) February 16, 2022

Igor Shekhterman, CEO at X5 Group, says: “Cooperation with Sber, which is one of Russia's technology leaders, in the field of ecosystem and digital products will enable us to strengthen our expertise in this area and to bring unique products and services to our clients faster.”

“X5 Group’s focus on developing express delivery from our stores will enable us to participate effectively in the digital race while leveraging our advanced infrastructure, scale, the strength of our retail brands and advantageous terms with suppliers.”

Lev Khasis, First Deputy Chairman of the Board of Sber, comments: “Sber and X5 Group have millions of customers in common, and we see a significant level of potential synergy in our cooperation, which I am certain will be mutually beneficial for both our companies and our clients.”

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