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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Western and Russian investors bring $1 million to hotel booking site

May 2, 2011

Ostrovok.ru, an online hotel booking service launched last summer, announced last week it had raised $1 million from General Catalyst Partners, a US-based venture capital and growth equity firm, Kite Ventures, a Russian venture fund, and business angels who founded online travel services in the US and China such as Kayak and Qunar.com. The founders say …

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Yandex warns against threats from state and oligarchs; Considers international expansion

May 2, 2011

Yandex, the Russian search giant that filed a registration statement with the SEC for a proposed IPO on NASDAQ last week, warned potential investors in its prospectus that it was as “vulnerable to politically motivated actions” as any other high-profile businesses in Russia. In the prospectus, Yandex acknowledges the risk of “other parties” perceiving its …

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Facebook reaches 5 million active users in Russia

April 29, 2011

Facebook representatives announced this week that it now counts 5 million active users in Russia, reported news agency RIA Novosti. That figure, however, represents a mere one Internet user out of ten, and Facebook still lags behind Russia’s social networking behemoths Vkontakte (23 million unique users in February 2011, according to TNS), MoiMir (20 million), …

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Google blacklists pirate sites at publisher’s request

April 28, 2011

Google has deleted from its search results the links to 446 pages of 106 pirate resources, which had illegally borrowed content owned by Eksmo, a leading Russian publisher. Among the blacklisted sites are Bookmir.ru, Fanknig.ru, and Kniga-free.ru, as well as torrent tracker Torrentino.com, reported Vedomosti, a Russian business daily.

VimpelCom to invest up to $500 million in Vietnamese subsidiary

April 28, 2011

VimpelCom, a leading mobile operator in Russia and one of the world’s largest telecom group, announced yesterday that it agreed with its local partner in Vietnam on a financing plan for its Vietnamese joint venture, GTEL-Mobile.

Twitter debuts in Russian—five years after English version

April 27, 2011

Twitter officially launched new Russian and Turkish language versions of its web and mobile interfaces on Tuesday. The microblogging service launched in the US in 2006 only started to gain notice and popularity in Russia about two years ago.

Rusnano to finance MRAM project with France’s Crocus Technology

April 27, 2011

Rusnano will finance the first production of MRAM memory chips in Russia in cooperation with Crocus Technology, based in Grenoble, France, the Russian press reported. Production will be organized through a technology transfer of chip design and packaging. The project will focus on producing Secure Digital (SD), MiniSD/MicroSD, and USB 1.1/2.0/3.0 flash memory cards.

President Medvedev calls to “work, not sleep” on the Skolkovo project

April 26, 2011

Attending the presentation of the first annual report of the Skolkovo Foundation in Moscow yesterday, Russian president Dmitry Medvedev called for more active efforts to encourage foreign partners to take part in Skolkovo, the state-sponsored innovation hub under construction near Moscow.

Tele2 enters Moscow market

April 26, 2011

Tele2 Russia, the Russian subsidiary of the Swedish telecommunications group, launched “Cheaper Calls” last week, its first offer to Muscovites. The offer includes discounted calls from the Moscow region, from sea resorts and for calls from abroad.

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