Core Insights - Cross-border e-commerce has emerged as a significant highlight in Sino-Russian economic cooperation in 2025, with Chinese exporters successfully entering the Russian market through partnerships with local e-commerce platforms like Wildberries and OZON [1][3] - In the first quarter of 2025, imports of Chinese goods into Russia increased by 28% year-on-year, particularly in categories such as smartphones, home appliances, and agricultural machinery [1] - The rapid growth of Russian e-commerce platforms provides unprecedented market access for Chinese companies, with Wildberries capturing a market share of 47% and experiencing a 118% year-on-year increase in daily order volume [3] Market Opportunities - The popularity of Chinese products in Russia has exceeded expectations, with a wide range of items finding corresponding consumer groups [3] - Platforms like OZON assist Chinese sellers in understanding market demands through regular consumption trend reports, enabling them to adjust product designs accordingly [3] - The Russian government's plans to simplify trade procedures and support small and medium-sized enterprises further enhance the potential for Chinese exporters to achieve significant growth in the Russian market [4] Challenges and Requirements - Chinese exporters face several "hard barriers" in the Russian market, including stringent customs requirements for complete documentation and quality certification [4] - Key documents required for entering the Russian market include commercial invoices, certificates of origin, GOST-R certification, and customs declaration forms [5] - The logistics options for exporting to Russia primarily include sea, rail, and air transport, with the China-Europe Railway Express being a preferred choice due to its cost-effectiveness and controllable timelines [5] Strategic Recommendations - Chinese companies should focus on localizing operations by emphasizing product quality and durability in design and marketing, as well as providing Russian language customer support [5] - Establishing stable partnerships with local platforms and logistics providers can help reduce operational costs and improve market responsiveness [5] - Companies need to remain vigilant regarding policy changes in Russia, such as recent facilitation measures that could present new opportunities [5]

本期导读： 医疗保健公司逆势布局，出资活跃度创今年以来新高，主要围绕生物医药产业布局。从地域上来 看，浙江省上市公司势头最猛烈，无论是出资频次还是规模，都位居前列。 作者丨FOFWEEKLY 本期推荐阅读5分钟 19 20 30.00 15 20.00 10 10.00 5 0 0.00 3月 2月 3月 4月 2月 ୧ 넘 7月 8月 o be 10月 11月 12月 1月 2024年 2025年 出资规模(亿元) = 一 出资次数 3月份，上交所、深交所共有19家上市公司（含子公司）对私募股权基金进行了出资 共投向19支基金,出资笔数共计19笔,已披露金额的出资额合计7.54亿元,平均单笔出 资额0.4亿元。 近一年出资基金的平均规模 25.00 20.00 19.47 15.00 14.68 10.00 10.19 9 94 5.00 6.31 6.23 5.69 5.37 4.78 4.35 3.84 2.98 0.00 4月 2月 ୧用 7月 8月 9月 10月 11月 12月 1月 2月 3月 2024年 2025年 3月参与出资基金的平均规模整体较低,上市公司出资规模与活跃度连续三个月下降。 医 ...