If your name is Ivanka, you'll probably feel at home at this winter headquarters in the Russian-heavy Yabaolu neighborhood.

Yabaolu is a street and area in Beijing, China, running from Chaoyangmenwai to Jianguomenwai. The south part of Yabaolu is home to Beijing Children's Hospital. On the west side of Yabaolu lies Ritan Park.

As of 2011 the community has many high rise shopping malls and shops, and is a major hub of trade. Previously it was a community of one-story courtyards with little activity.

The northern area of Yabaolu is sometimes unofficially named Russiatown, or Russian Market, since the clientele of the shops are mostly foreign, with most of that being Russian, and because the neighborhood has a high population of Russian traders from Siberia, who are transient. Previously local Chinese people called the traders "da daoye," while as of 2011 they now refer to them as "hao pengyou". In addition to Russian traders, Polish, Ukrainian, former Yugoslav, and other eastern European traders also do business in Yabaolu. Jaime FlorCruz of CNN said in 2011 that "Here bargaining is tough but business is good. The most successful, traders say, can resell their items for 20 times their investment."

The China-Russia-related trade in Beijing occurs in Yabaolu. Most of the businesses in Yabaolu cater to Russian customers. Many restaurant owners and shop keepers do business in Yabaolu. Some pedicab drivers speak pidgin Russian and charge the equivalent of two U.S. dollars for a ride. Like many ethnic enclaves, it has its own unique culture imported by its residents. The focal point of the district are several large clothing markets. Business signs are mostly in Russian and written in Cyrillic, a surprise to many tourists.