According to research carried out by the Public Opinion Foundation (FOM), just a quarter of Russians are ready to pay for online content. The survey was designed to measure the public response to Russia’s new anti-piracy legislation, enacted in July 2013. The law does not target users who simply view or download illegitimate content for personal use, but …
Just a quarter of Russians willing to pay for online content Read More
Last Monday Russian social network VK.com, also known as Vkontakte, attracted a record breaking number of visitors, with 50.9 million users logging in. The figure, which was posted on founder Pavel Durov’s page, was provided by LiveInternet. Despite the efforts of Mail.ru Group’s Odnoklassniki and Moi Mir to compete with VKontakte in Russia and the former Soviet …
Shares in Russian payment service provider QIWI have reached $23.50, their highest price since they were launched in a Nasdaq IPO at the start of May. The company’s shares did not immediately fare so well after they went on sale at $17, falling as low as $15.62 on the 29th of May. However, they rebounded on 4th June when …
Qiwi’s high net profit triggers sharp increase in stock price Read More
Cisco Systems, a world leader in networking equipment, has officially opened its tech center at Skolkovo as part of its ongoing cooperation with the Russian tech park. The center, on a 700 square meter site in the ‘hypercube’ will house Cisco’s innovation program in Russia. Cisco’s cooperation with Skolkovo began 3 years ago, when an agreement was signed …
Leading Russian dating site “Mamba” has changed its international name to Wamba to expand into new markets. “In Russia we can only grow as fast as the market”, explained Executive Director Yaroslav Sergeev, “so we are targeting two new growth areas – mobile Internet and international expansion.”
