Analysis

CrunchBase and EWDN team up to cover regional tech and venture trends

February 13, 2019

CrunchBase has teamed up with East-West Digital News to cover key tech and venture trends from Russia and neighboring countries of the former Soviet Union. Starting from now, EWDN chief editor Adrien Henni publishes a monthly column in this famous industry resource, highlighting the most notable deals as well as promising tech innovations from Russia, Ukraine, Belarus …

CrunchBase and EWDN team up to cover regional tech and venture trends Read More

Russia hits 27th place in Bloomberg innovation ranking, between Malaysia and Luxembourg

January 25, 2019

Bloomberg’s latest ranking of “the world’s most innovative countries,” published this Tuesday, puts Russia at the 27th place, between Malaysia and Luxembourg. In Russia’s Eastern European neighborhood, Poland does better than Russia (22th place) but Romania (29th), Ukraine (53rd) and, most surprisingly, Estonia (36th) are behind. South Korea retains the first place in this global ranking, …

Russia hits 27th place in Bloomberg innovation ranking, between Malaysia and Luxembourg Read More

2018 Eastern Europe and Central Asia Tech Investment Overview

January 22, 2019

Tech investment volumes in Eastern Europe and Central Asia were modest last year, if compared with the Chinese, US or Western European markets. However, 2018 was marked by giant corporate deals involving international players while a series of smaller venture transactions illustrated the diversity of the regional startup scene. In this review, which encompasses Russia, …

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While bitcoin price fell, Russians kept interest towards cryptocurrencies throughout 2018

January 12, 2019

Interest towards cryptocurrencies in Russia remained relatively stable throughout 2018, despite the significant drop in their prices. Ruble-denominated trade on Localbitcoins, for example, has shown a generally positive trend since last spring. In the past year, Russians also saw a growing number of other options to purchase digital coins. Transaction volumes on P2P exchanges such …

While bitcoin price fell, Russians kept interest towards cryptocurrencies throughout 2018 Read More

With 40% of e-merchants’ sales revenues, Russian social commerce generates $9 billion yearly

February 4, 2019

No less than 39 million buyers and 22 million sellers – both companies (B2C) and individuals (C2C) – are involved in social commerce, according to a study released last month by Yandex.Checkout and Data Insight. The research reveals the importance of social channels in the Russian e-commerce space, accounting for no less than 40% of …

With 40% of e-merchants’ sales revenues, Russian social commerce generates $9 billion yearly Read More

How Sberbank has transformed itself from ‘babushka bank’ to digital banking giant

December 21, 2018

In this op-ed Anna Kuzmina, a figure of the Russian payment industry, highlights the importance of Sberbank in Russians’ everyday life, and the implications of this bank’s digital transformation. Mrs Kuzmina is Deputy Chief Commercial Officer at Yandex.Money, a joint venture of Sberbank and Yandex.  In just a few years Sberbank, Russia’s state-controlled banking giant, has …

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Selling brains: US tech giants buy teams, not startups, from Russia and Eastern Europe

December 18, 2018

Startups from Russia and other countries in the former Soviet Union offer extraordinary tech solutions, but international tech giants prefer buying their “brains” rather than their products or businesses. A part of this trend is the recent deal between Snap and Teleport, a Russian-Ukrainian startup that changes hair color. As reported by East-West Digital News, …

Selling brains: US tech giants buy teams, not startups, from Russia and Eastern Europe Read More

Report: 9 Russians in 10 have bought online in the last 10 years

November 30, 2018

According to research conducted by the global market research company Nielsen, 90% of Russians have made at least one online purchase in the last ten years as a result of a growing consumer trust in online stores. The range of goods that Russians buy online has expanded. The majority of online customers have purchased clothing (52%), …

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Report: Venture investment grew to $262 million in Russia in H1 2018

February 4, 2019

RB Partners, a Moscow based M&A, corporate finance and VC advisory, has just released the English version of its bi-annual review of the Russian venture market. The report includes a selection of articles from East-West Digital News which illustrate the industry trends in the first half of 2018. The period was marked by a certain stability, note …

Report: Venture investment grew to $262 million in Russia in H1 2018 Read More

Morgan Stanley sees Russian e-commerce grow nearly 3-fold by 2023

October 9, 2019

According to a Morgan Stanley report released last month, the Russian e-commerce market for physical goods will grow to $31 billion by 2020 and may reach $52 billion by 2023 – up from around $18 billion (1,040 billion rubles) in 2017. “Russia is the last major emerging market without a dominant online retailer. Russia is at …

Morgan Stanley sees Russian e-commerce grow nearly 3-fold by 2023 Read More

From illegitimate data-sharing to tracking “interest in treason:” Facebook’s handling of private data raises concerns in Russia

August 8, 2018

Roskomnadzor, the Russian telecom and Internet regulator, has requested Facebook to provide explanations about its past data-sharing partnerships with at least 60 mobile device makers, including Apple, BlackBerry, Microsoft and Samsung. As reported last week by the business daily Kommersant, Roskomnadzor’s move followed a request from the Association of Professional Social Media and Messengers Users (APPSIM in Russian) …

From illegitimate data-sharing to tracking “interest in treason:” Facebook’s handling of private data raises concerns in Russia Read More

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