[German e-commerce giant Otto Group withdraws from Russian market]-according to Russia today, German e-commerce giant Otto Group has liquidated all its assets in Russia and withdrew from the Russian market. Reported that the Otto Group sold its two warehouses in the Teville area to a local operator with a total value of more than $28 million, but will be sold at half price. It is reported that Otto Group entered the Russian market in 1991 and was very popular in the 1990s and early 21st century, but at the beginning of last year, the head of the group said that the group's business was complicated by a wave of sanctions related to Ukraine between 2014 and 2015, and the group began to scale back its business in Russia in 2018.