BRICs

Last week saw the biggest venture-capital fundraising yet in Russia’s fast-growing e-commerce market.

But even with $100m in its coffers, how long can Ozon.ru – the “Amazon.com of Russia” – fend off Amazon itself? Russian idiosyncrasies in payments, deliveries and culture suggest that domestic online retailers such as KupiVIP, Molotok and Avito may be able to repel the foreign invaders looking to capture a share of what will soon become Europe’s largest internet market. Read more