Ru-Net, a major Moscow based venture fund, launched the American arm of its activity last month by establishing RTP Ventures, making its $700 million under management available to US Internet, SaaS and cloud computing companies. A few weeks earlier, the fund had participated in a $60 million round of financing – along with German based Rebate Networks …
Russian funds assert themselves on the international venture scene Read More
Russia has just overtaken Germany as the market with the highest number of unique visitors online in Europe, says comScore in its September Internet usage study released yesterday. The digital statistics company counted as many as 50.81 million users aged 15 and older in Russia, compared to 50.14 million in Germany, 42.35 in France and …
Russia now Europe’s leading Internet market by number of users Read More
The iPhone 4S, Apple’s newest smartphone, supports both GPS and GLONASS satellite based location systems, according to the tech specs page devoted to the phone updated yesterday on the Apple website. According to ifixit.com, whose authors have taken the smartphone apart, this dual capacity is provided by the Qualcomm MDM6610 baseband chip. Qualcomm has declined …
iPhone 4S combines GPS and GLONASS satellite location systems Read More
Ru-Net, a major Moscow-based venture fund, has set up an American arm to invest in US Internet, SaaS and cloud computing companies. The new fund, named RTP Ventures, opened a representative office in New York City only last month, but has already made several investments in the first months of operations. RTP invests between $1m and $10m …
Ru-Net makes its $700 million available to US tech startups Read More
Yandex announced today that it has launched a Turkish version of its search engine along with a range of other services created specifically for web users in Turkey – including webmail, news aggregation and automated translation services. Until now, the Turkish market has been dominated by search giant Google, with a market share exceeding 93% …
New Federal legislation on payment systems was adopted by the Russian Duma on June 14 and signed into law by President Medvedev on June 27. The new law establishes the legal and organizational foundation for the country’s payment system and regulates the procedure for rendering payment services. The law recognizes four types of players who …
VimpelCom, a major Russian mobile operator working under the Beeline brand, announced this week the creation of a new payment system named Ruru. The Ruru payment system, now accessible via the euphoniously named website Ruru.ru and on mobile devices using an Android application, allows users to pay for mobile phone or Internet accounts, train tickets …
VimpelCom positions itself on fast growing electronic payment market Read More
DST, the top Russian Internet investment fund, will participate in a still-undisclosed round of financing in favor of alternative accommodations marketplace Airbnb, reports TechCrunch from unnamed sources. The round is being led by Andreessen Horowitz.
Ozon.Travel, a specialized arm of leading Russian e-commerce player Ozon.ru, announced last Monday a twentyfold increase of its annual gross booking sales, from 44 million rubles in 2009, the year of launch, to 898 million rubles in 2010 ($1.47 million and $29.9 million, respectively).
A handful of mobile and telecom operators in Russia signed a memorandum last week, in the presence of Prime Minister Vladimir Putin, to establish a joint venture for developing an LTE network. The companies involved are VimpelCom, MTS, and MegaFon, the leading Russian mobile operators; Rostelecom, Russia’s national telecom operator; and Scartel, operator of the …
Leading Russian operators could join to create LTE infrastructure Read More
Yandex.Dengi, a leading Russian electronic currency operator, announced yesterday that users can now register their banking cards to make online purchases using Yandex.Dengi.
Qiwi and Visa issued a joint statement yesterday announcing the successful transfer of funds from a Qiwi online wallet (“Qiwi Koshelek”) located in Russia to a Visa card account at a Ukrainian bank.
