East-West Digital News

Founded in 2011, East-West Digital News is an online resource dedicated to the Russian high tech industry — providing fresh news, market research and business consulting services. Its news service and publications were suspended in 2022 as a consequence of Russia’s war on Ukraine and the subsequent international isolation.

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Russia’s top digital bank wants to offer crypto — but tough central bank policy stands in its way

Tinkoff, the biggest online bank in Russia, wants to offer cryptocurrency trading to its clients but says this will take time due to a tough stance from the country’s central bank. Oliver Hughes, Tinkoff’s CEO, said Thursday that “qualified investors who know what they’re doing” want to invest in crypto. “There’s no mechanism for us …

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After pandemic boosted gaming usage, Mail.Ru acquires cloud gaming startup

Mail.ru Group is in the process of acquiring game streaming startup Playkey. Through this acquisition, the LSE-listed Russian Internet major intends to “develop Playkey solutions within [its cloud gaming service] My.Games Cloud and scale cloud gaming in Russia.” Last week the group announced the acquisition of a controlling stake in the company — 80.05% according to the Russian company …

After pandemic boosted gaming usage, Mail.Ru acquires cloud gaming startup Read More

AliExpress now helps Russian brands sell globally

Bringing its contribution to Russia’s emerging outbound cross-border sales, AliExpress Russia announced today the launch of Ruzania, a section of its international platform reserved for select Russian sellers. The first offers come from Maskbro (wooden toys), Bossa Nova and Lucky Child (children’s apparel). Items from these Russian brands can be purchased “not only by Russian-speaking users, but …

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A Russian-founded startup from California attracts $20 million to help businesses create bots easily

A young Californian startup created by four Russians could well become one of tomorrow’s leaders in robotics automation. Two years after inception, it has just raised $20 million from international investors — with a valuation exceeding $100 million, according to Forbes Russia. Thanks to ElectroNeek’s robotic process automation platform, businesses can now create more easily digital workforce and personal assistants. As reported …

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Moscow online event on smart cities attended by 193,000 people from around the world

No less than 193,000 people attended virtually the first edition of Smart Cities Moscow, an international online forum which took place earlier this week in Moscow. Eighty-six speakers from Russia, China, Switzerland, Canada, Spain, the United States, Sweden and other countries shared their views, offering fascinating insights about smart city developments across the world. “A …

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In 2020, Russian e-commerce recorded one of the world’s highest growth rates

Specialized research agency Data Insight has just released the international version of its Russian e-commerce report for 2020. Domestic sales of physical goods amounted to 2.7 trillion rubles (some $37 billion at the average exchange rate of the year), up 58% from 2019 — placing Russia among the world’s fastest-growing e-commerce markets. Several segments recorded …

In 2020, Russian e-commerce recorded one of the world’s highest growth rates Read More

Online video leader IVI raises $250 million from state and private investors, keeps western IPO potential

Russian online video major IVI (ivi.ru) announced today a $250 million funding round involving top state and private investors. This is one of the biggest deals of the past years on the Russian tech scene, and an all-time record in the online video segment.   The consortium of investors includes several big names, combining two major …

Online video leader IVI raises $250 million from state and private investors, keeps western IPO potential Read More

Russian pulp and paper billionaire backs startup that recognizes fashion items in TV programs

Russian billionaire Zakhar Smushkin — chairman of the Ilim pulp and paper group and #122 in the Forbes ranking of top Russian businessmen — intends to invest 400 million rubles in an adtech startup called Vieweo. This capital injection (equivalent to $5.5 million at the current exchange rate) will be made until the end of …

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“All transport on earth will be electric,” says Elon Musk to Russian students

Last week Elon Musk spoke remotely at a Russian state-sponsored education forum, spending 40 minutes answering questions from students. The tech celebrity said he received a personal invitation from President Vladimir Putin’s press secretary Dmitry Peskov. Among other speakers at the event were Steve Wozniak, on the international side, and a bevy of tech CEOs …

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Russian neurotech startup raises $7.4 million to “accelerate computer-integrated human evolution”

A Moscow-based startup called Neiry is developing “human-friendly neural interfaces” applicable to a variety of daily tasks — from gaming and entertainment, to medical therapy, to training, to business. Supported by Russian state innovation programs, this startup believes it can “improve and restore human abilities and functions that were previously unattainable,” and contribute to “the acceleration …

Russian neurotech startup raises $7.4 million to “accelerate computer-integrated human evolution” Read More

Russian-founded food delivery services make their way in western markets

In this second coronavirus spring, Russian-founded food delivery services are making their way in western countries. One of them is Getfaster.io, a German fresh product retail and delivery company launched in 2020 by former X5 executive Dmitry Bergelson alongside with Georgy Skalsky, Kirill Solonitsyn and Anton Zakharov.  After starting operations in Düsseldorf in January 2021, the company …

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VK announces group calls for more than 2,000 simultaneous participants

Starting from this summer, VK (Vkontakte) users will be gather up to 2,048 people in group calls — “an unprecedented number for a social network,” according to Mail.ru Group, the owner of VK.  The new feature was announced on May 17 by VK Technical Director Alexander Tobol at the Highload++ conference. “For most services, the number …

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