Last month this Russian B2C e-commerce marketplace shut down, putting an end to a long agony. Launched in 2008 by Stanford graduates Maxim Faldin and Kamil Kurmakaev, Wikimart had the initial ambition to create a Russian analog of eBay. The project was heavily funded by Western investors, with Tiger Global Management investing some $30 million …
After the birth of a child, a young mother needs to be in touch with a doctor practically all the time — to seek help in an emergency, for advice about the health of the baby, or even psychological support. One couple, who found themselves in a situation where they desperately needed assistance with their child, …
Dial-a-doc: How the Internet is revolutionizing medical care in Russia Read More
After almost three years of fall or stagnation, Western retailers’ sales to Russian online consumers are resuming – in certain cases dramatically. This new trend was discussed earlier this month at the Global E-Commerce Summit in Barcelona in a special Russia round table, where Russian and international players shared their most recent sales data. Thus ASOS …
Western e-commerce companies see cross-border sales to Russia resume dramatically Read More
Western technology companies, including Cisco, IBM and SAP, are acceding to demands by Moscow for access to closely guarded product security secrets, at a time when Russia has been accused of a growing number of cyber attacks on the West, a Reuters investigation has found. Russian authorities are asking Western tech companies to allow them …
Under pressure, Western tech firms bow to Russian demands to share cyber secrets Read More
Young people in Russia don’t watch television anymore. Television isn’t where the action is. Whereas generations of Russians before them devoted countless hours to the TV set, depending on their programs for entertainment, culture, and news, the home base for Generation Z — those born from the mid-1990s to the early 2000s — is the …
Russia’s Generation Z and the digital media effect Read More
As the Russian currency lost nearly a half of its value against the US dollar since 2014, it is now cheaper to produce tablets, smartphones and other hi-tech devices in Russia than in China. Developers are also attracted by convenient logistics and a skilled workforce. As a result, a number of Russian gadget developers are beginning …
Russian electronic device makers return home from China Read More
Farmer Mikhail Shlyapnikov says creating his own virtual currency allowed him to raise almost $2 million in two months. The currency, the kolion, is named after the Moscow region village of Kolionovo, where Shlyapnikov lives. During its April launch period, investors from around the world bought $500,000 worth of the currency. Since trading began at the beginning of …
While Russia is justifiably known as a major oil and gas producer and exporter, several alternative non-hydrocarbon energy developments have been growing, largely unnoticed and with little reporting. In contrast with many other countries, these technologies are emerging in Russia without any massive “green subsidies,” writes Paul Gontcharoff in Russia Insider. The past three years …
Russian President Vladimir Putin and his economic team have long been under the impression that, to wean the country off its oil dependence, they needed a major leap in some specific area of technology that wasn’t yet dominated by Western, Chinese or Japanese tech giants. As reported by Bloomberg, Ethereum, the world’s largest cryptocurrency after Bitcoin, has …
Putin eyes Ethereum as potential instrument for tech modernization Read More
As online dating is becoming a popular tool used to meet people, Russia has been ranked number one for dating app share of total app downloads. In this country, 0.39% of app downloads are dating apps. Following closely behind Russia is Brazil, with 0.38% of dating app shares, according to Sensortower data cited by eMarketer. …
Russia ranks number 1 in the world for online dating app share Read More
“We tried fighting Internet piracy, but unfortunately piracy won,” wrote an heir to famous Soviet writer Andrei Strugatsky on his Facebook page, adding that it is “completely impossible” to defeat the enormous amount of illegal content. Two out of three Russians believe that viewing and downloading pirated content is legal, according to a survey conducted …
As the fifth largest app market in the world based on iOS and Android downloads, Russia offers great opportunities for global publishers eyeing international expansion. There are more than 62 million mobile users in Russia (1), so it is no wonder that this audience is highly attractive for global app publishers. myTarget, an advertising platform …
What you need to know about Russia, the world’s 5th largest app market Read More
