Dsight, with support from CrunchBase, EY, EWDN and other partners, will present its Russia venture report for 2020 and discuss the latest market trends and events. This online event will take place on Thursday, Feb. 23 at 6pm Moscow time (4pm CET). The program covers such topics as: Key venture facts and trends in Russia …
Dsight presents Russian VC trends for 2020 (online event, Feb. 25) Read More
Last week Selectel a leading Russian data center and related service provider, made a bond placement debut on the Moscow exchange, aiming to raise 3 billion rubles (around $40 million at the current exchange rate). Bond trading is scheduled for start on February 25. The coupon rate is set at 8.5% per annum — which corresponds …
Selectel makes bond debut in Moscow to raise $40 million Read More
The first Russian-French Forum on Artificial Intelligence will be held on Feb. 26, 2021 by videoconference. This event is intended for French and Russian-speaking audiences. Its program is available in French language through this link. Representatives of the business community, research institutes, higher educational institutions, as well as government circles from the two countries will …
French-Russian Forum on Artificial Intelligence (Feb. 26) Read More
Russian e-commerce major Ozon is to offer bonds worth $750 million (aggregate principal amount). These bonds will be issued “on or around Feb. 24, 2021,” with further listing on “an internationally recognized, regularly operating stock exchange.” The company provided the following details on the offer: These are senior unsecured convertible bonds, which will be convertible into American Depositary …
Russia’s digital banking leader Tinkoff announced today the launch of an online and offline payment service for legal entities. Dubbed ‘Tinkoff Checkout,’ the service will operate “as a one-stop shop [for] companies to take care of all of their online and offline financial needs in one place.” The service will allow businesses to accept online payments, provide …
The 4th edition of Fashion Tech Day, Russia’s leading conference on fashion retail tech and e-commerce, will be held in an offline and offline format in Moscow Expocenter. More than 2,000 participants are expected, including hundreds attending the physical event. Co-organized by East-West Digital News, the event will involve a variety of fashion brands, retailers …
AliExpress Russia has just disclosed a series of interesting activity indicators — from audience, to sourcing, to logistics — confirming its leadership on the cross-border e-commerce segment and a growing traction on the domestic segment. By the end of 2020, the platform’s monthly audience reached some 29.1 million users (8.8 million daily). The platform does particularly …
Local merchants now generate 25% of AliExpress Russia’s business Read More
Moscow-based IT company Hot-WiFi has announced its entry on the US market. The Russian startup offers businesses a guest WiFi hotspot network with marketing functions and data analytics services. This approach may increase the turnover of a coffee shop, for example, by 10% as shown by a business case in Moscow. Founded in 2012, Hot-WiFi has …
Russian WiFi marketing startup makes first steps in US market Read More
On Feb. 12 Alipay owner Ant Group, LSE-listed Mail.ru Group, mobile operator MegaFon, sovereign fund RDIF and Alisher Usmanov’s holding USM signed binding agreements to create a payments joint venture (PJV) and a financial services joint venture (FSJV). The deals, which follow an October 2019 non-binding agreement, are still subject to “a number of conditions including third …
The Russian steel and mining giant Severstal plans to invest no less than 9.1 billion rubles ($122 million at the current exchange rate) “in IT and digital projects” this year. This year will see “a significant change [in] the company’s IT process model and organizational structure,” following the creation of “four new client teams responsible …
Yandex plans to launch a contactless payment service, challenging Apple Pay, the leader on the Russian market in this segment, as reported by VTimes. According to an internal document seen by VTimes, the users of ‘Yandex Pay’ will be able to save their bank details in the system to settle purchases. In an exchange with …
A challenge to Apple Pay: Yandex reportedly developing contactless payment service Read More
For sad as a pandemic can be to many, Covid-19 has generated a variety of opportunities in Russia for international businesses. Many of them may be seized remotely. To start with, here are a few remarks about the current trends in Russia’s digital sphere: According to Boston Consulting Group, Russia is among the four world …
How to seize digital business opportunities in Russia in pandemic times Read More
