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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Korean tech news site teams up with EWDN to bridge global innovation

Startup Recipe, a leading tech news outlet from South Korea, and East-West Digital News, the international resource on tech innovation in Eastern Europe, have teamed up to provide their respective audiences with new insights. Startup Recipe now offers a selection of translated EWDN content on its website. In the past few weeks, through this content …

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Yandex launches world’s first crowdsourced data-labeling course on Coursera

Last week Yandex, the Russian NASDAQ-listed digital tech giant, launched an online course on data labeling, presenting the initiative as a world’s first.  This five-week course aims to teach “efficient and scalable data labeling for ML and various business processes” based on a crowdsourcing approach. Students are explained how to “split complex challenges into small tasks and distribute them among a …

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Love vs. AI, women in tech, American dream… Hot tech topics discussed at top regional conference (online event, May 12-14)

On May 12-14 EMERGE, a top tech conference covering Eastern Europe and Central Asia, will hold its third edition in an online format and in English language (more information and tickets here).  With participation from high-level speakers from the region and beyond, the program will cover a variety of topics such as: No planet B: how …

Love vs. AI, women in tech, American dream… Hot tech topics discussed at top regional conference (online event, May 12-14) Read More

AliExpress Russia invests in regional marketplace KazanExpress

AliExpress Russia, a leading cross-border and domestic e-commerce platform in Russia, has invested in a major regional e-commerce company, KazanExpress, acquiring a 30% stake. The amount of the transaction was not disclosed but, in an exchange with Kommersant, KazanExpress co-owner Linar Khusnullin refered to an amount of “several billions of rubles” (dozens of millions of …

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Two startup entrepreneurs from Russia aim to “revolutionize SME finance” in Germany

Earlier this month in Germany, a Russian-founded startup  launched a “4-in-1 finance platform” for SMBs — a solution that automates admin and accounting processes.  The startup, dubbed Monite, also announced the completion of a €1.1 million pre-seed funding round, which involved no less than 10 investors. Among them are Berlin-based signals Venture Capital, Zurich-based Tomahawk VC, Turkish fund InVentures …

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Russian-made apps on electronic devices: Apple prepares to comply with new legal requirements

Starting April 1, 2021, tech device manufacturers will be required to pre-install Russian-made, government-approved applications and software onto new devices sold on Russian soil. Dubbed “anti-Apple law,” this legislation was adopted in late 2019 as part of the Putin administration’s “sovereign Internet” strategy.  While the law did not specify what devices new electronic devices are …

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Russian tip automation startup acquired by major bank 18 months after launch

Alfa-Bank is in the process of acquiring Netmonet, a startup that uses QR codes to automate tips in restaurants, cafés and beauty salons. In an agreement signed last month, the Russian lender is committed to acquire the company fully for an undisclosed amount.  Forbes Russia has estimated Netmonet’s valuation at approximately $4 million — a sizeable amount …

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Backed by a software giant, this Russian smart transportation provider eyes foreign markets

Softline Venture Partners, the venture arm of Russian software giant Softline, has invested in T-1 Group,  a provider of B2B and B2C telematics solutions and navigation technologies. No details of the transaction were disclosed.  “The acquisition of a stake in T-1 Group is an investment in the rapid growth of the transport telematics market, which is simply …

Backed by a software giant, this Russian smart transportation provider eyes foreign markets Read More

Tinkoff launches AI-powered voice assistant on Clubhouse

Tinkoff, the Russian digital banking leader, has integrated its AI-powered voice assistant ‘Oleg’ into Clubhouse — claiming to be the first one in the world to do so. The capabilities of the voice assistant as a “a full-fledged Clubhouse user” are described as follows:  ‘Oleg’ can use its text-to-speech and speech-to-text capabilities (Tinkoff VoiceKit) in real time to “help …

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Mail.Ru and AliExpress pursue e-commerce integration through multi-platform merchant interface

Earlier this month Mail.ru Group and AliExpress Russia achieved yet another step in their e-commerce integration plans with the launch of Multimarket. This single interface allows merchants to manage their sales simultaneously via the AliExpress Russia site and Mail.Ru’s properties — including social networks VK and Odnoklassniki, and classifieds platform Youla. Registered merchants can place …

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Russian e-commerce leader Wildberries launches in France, Italy and Spain

In late February Wildberries, the number one Russian e-commerce company, launched in three new EU countries: France, Italy and Spain — just weeks after its debut on German soil.   Through localized web and mobile interfaces (France, Italy, Spain), online shoppers from these three countries can access more than four million products from some 40,000 brands — from …

Russian e-commerce leader Wildberries launches in France, Italy and Spain Read More

Russia restrains Twitter’s speed and sues other social media over illegal content

The Russian Internet and telecom regulator Rokomnadzor announced today first steps to disrupt Twitter’s speed within the country for failing to remove banned content. These measures are said to affect  “100% of cellphones and 50% of personal computers” in the country. “Starting March 10, 2021, centralized response measures have been taken against Twitter to protect Russian citizens and force the [social …

Russia restrains Twitter’s speed and sues other social media over illegal content Read More

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