Digital Platforms in Russia: Competition between National and Foreign Multi-sided Platforms Stimulates Growth and Innovation
Keywords:
Competitive strategy, Multi-sided platforms, Digital economy, Digital business, Digital platforms, Russian economy.Abstract
This paper aims to test the “winner-takes-all” vs the “winner-takes-some” scenarios in digital platform competition dynamics in emerging markets. The paper uses an analytical reference framework to assess the emergence of digital platforms in Russia, including four elements: definition of multi-sided platforms (MSPs), platform enablers, business models and competitive dynamics. This paper concludes that Russia shows that a healthy competition between national and foreign MSPs led to the emergence of a shared equilibrium, where local platforms were able to retain a significant, often majority, share vis-a`-vis foreign and global platforms. The paper stands as a counterpoint to the widespread conviction that digital platform dynamics will result into a “winner-takes-all” scenario and dominance of global platforms.