According to CMS and EMIS report “Emerging Europe M&A 2019/20” in 2019 in Central and Southeast Europe M&A deal volume was the lowest in the decade, with only 1958 transactions (down 6.5 per cent), with a combined value of EUR72.34bn (down 10.1 per cent).
Technology companies such as Alibaba, Amazon, Facebook, Google (or more precisely its mother company, Alphabet) and Tencent started providing financial services. That generates potential economies of scale.
The Ukrainian e-commerce sector swiftly recovered from the 2014-2015 financial and economic crises, and has reported up to 30 per cent of annual growth over the past three years. This is one of the highest levels in Eastern Europe.
The Russian government tries to stay away from cooperating with western technological companies and opens the door for Chinese internet giants like Alibaba to help modernize Russia’s ecommerce market.