Online media

Germany’s Rebate Networks and Russia’s Ru-Net invest heavily in Vietnamese e-commerce

September 12, 2011

MJ Group, a newly formed Vietnamese Internet player, announced last Friday it raised $60 million from national fund IDG Ventures as well as from Rebate Networks, a German investment company, and Ru-Net, a major Russian fund. MJ Group is the result of a merger of four local Vietnamese Internet companies – e-commerce site Nhommua, location …

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Web content discovery services come to the Russian Internet

December 29, 2016

In a pattern that exemplifies the booming nature of the Russian Internet, the market segment for web content discovery services – non-existent just months ago – is now rapidly filling with ambitious startups. The public beta version of Netflip.ru was launched in mid-August, not long after a comparable site, SurfingBird.ru, went online, as reported by East-West Digital …

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Yandex acquires ‘The Tweeted Times’

August 30, 2011

NASDAQ-listed Russian search engine giant Yandex announced last Friday it fully acquired The Tweeted Times, a website offering social news services, for an undisclosed amount. Yandex aims to use the technologies developed by The Tweeted Times to enhance its search and content services with information from social networks.

LiveJournal counts 5 million Russian-speaking users

June 1, 2011

LiveJournal.com, a global online community and blogging platform, registered its five millionth Russian-speaking user, according to an announcement made this Monday by SUP, the Russian media company that acquired the platform in 2007.

NetMediaEurope to cover Russian IT sector with East-West Digital News

May 6, 2011

East-West Digital News, Russia’s up and coming news and information site covering IT industries in English, has signed a partnership agreement with NetMediaEurope, publisher of more than 40 sites across Europe targeting IT professionals. The partnership includes content exchanges and editorial cooperation. In addition, NetMediaEurope may develop advertising activities in Russia with the help of …

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Russian state-owned fund participates in Sugar Inc. round of financing

April 22, 2011

State-owned fund of funds Russian Venture Company (RVC) participated indirectly in a round of financing, announced last week, for Sugar Inc., a global media company for women. The investment was made through Russian Venture Capital II LP, a fully owned subsidiary of RVC that registered in the UK in June 2010. A few months later, the …

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Russian Internet “relatively uncensored,” says US watchdog

April 18, 2011

In its Freedom on the Net 2011 report, Freedom House, an American NGO that monitors freedom progress or restrictions around the world, assigned Russia the status of a “partly free” country. The report acknowledges that the Russian Internet has remained a “relatively uncensored platform for public debate and the expression of political opinions,” in contrast with more …

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New site makes emerging Russian IT markets accessible to the world

April 18, 2011

While Russia has set for itself the strategic goal of modernization through technological development, to date the country remains largely terra incognita to many international players in the IT sector because of the general lack of market data and business information in English.

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