The analyst believes that listing on the Chinese s

[tanjimajuha20]

business in China to the Russian stock market," he believes.

Freedom Finance Global analyst Vladimir Chernov noted that after the initial public offering of securities on the Moscow Exchange, KIFA will first of all receive additional funding for business expansion and development. "It already has an active investment program worth 1.7 billion rubles, which KIFA plans to use to expand the presence of the marketplace and open regional digital trading hubs. KIFA plans to use all funds raised during the IPO to finance this program. I t russia whatsapp resourcehink that the goal of the company's listing on the Chinese stock exchange is also to attract additional funding for business expansion and increasing the presence of the marketplace in the regions," Vladimir Chernov suggested.

tock exchange of marketplaces should not differ from listing of companies from other sectors of the economy, since there are no additional rules on this account: "The IPO itself may be complicated due to additional regulatory requirements and inspections of foreign companies, but I do not think that this will affect this case, because the Russian-Chinese electronic B2B commerce platform "KIFA" itself was created for wholesale trade and its joint use by entrepreneurs from Russia and China, with the aim of reducing the negative impact of sanctions and simplifying all foreign trade processes between them."

Vladimir Chernov noted that Chinese companies have been refusing to list on US stock exchanges in recent years due to increased regulation by the Chinese authorities, so their desire to enter the Russian stock market may also be small if the country's authorities do not support this.

Room for maneuver

Head of the Strategy practice at Reksoft Consulting, Alexander Chugunov, noted that Russian-Chinese relations are actively developing, while there remains significant unrealized potential for further growth. "Problems with making payments mainly affect B2B payments of large businesses and international platforms such as Alibaba," Alexander Chugunov noted.

He noted that the biggest competition for KIFA could come from large Russian marketplaces that implement cross-border trade, such as Ozon: "At the same time, Ozon focuses on the B2C segment and is not actively developing the B2B direction yet. The largest B2B marketplace Alibaba no longer allows you to arrange deliveries to Russia and, in fact, has freed up a niche for business. Other international marketplaces, such as Made-in-China, do not allow online transactions and do not provide logistics services for delivery from China, which limits their potential for working with sellers on marketplaces. Niche specialized B2B marketplaces, such as Puls Tsen and Maxmart, mainly cover the needs of the corporate sector, focusing on Russian counterparties."