Digital content & Related technologies

Dutch investors put $2 million in Russian mobile solution provider Appnow

February 18, 2016

Appnow, a Russian startup based in Tatarstan, has raised $2 million from Dutch investment company Maxforсing ВV, as reported by Rusbase.com. The terms of the deal were not disclosed. Appnow enables restaurants, cafes and beauty salons to create their own mobile apps. An application for iOS, Windows Phone or Android may be created and automatically authorized by …

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After Magomedov and Usmanov, Russian billionaire Mikhail Fridman invests in Uber

June 9, 2020

International investment group LetterOne (L1) has just announced that it has made a “strategic investment”of $200 million in Uber. Mikhail Fridman, the chairman of the group, is the third Russian billionaire in a row to invest in the US company, following the moves of Ziyavudin Magomedov and Alisher Usmanov last year. “I’m excited by our strategic partnership with …

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From London, to Prague, to Tel Aviv, Russian money still fuels international startups

February 9, 2016

Confirming a trend which started years ago and continued all along 2015, several venture funds with Russian backers or managers invested abroad last month, with half a dozen significant deals made public. Thus AltaIR Capital, LETA Capital and Maxfield Capital took part in a $1.2 million seed funding round for Tel Aviv-based startup Viisights. The round was led by Israeli early-stage fund The Time. …

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Chechen leader complains about censorship by Instagram

February 7, 2016

The head of the Chechen government, Ramzan Kadyrov, accuses Instagram of censoring his free speech. He says the social network deleted a post he directed at Russia’s political opposition. “Here is America’s vaunted freedom of speech! You can write what you want, but don’t touch America’s henchmen or friends of the State Department and Congress. …

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2015 in review: The Russian Internet was less free than ever

February 7, 2016

East-West Digital News reviews the most important developments on the Russian high-tech scene in 2015. Today’s article analyzes the growing restrictions on online freedom in a country where the Internet was once considered to be relatively free.    2015 was marked by expanding restrictions and controversies around several Internet-related issues. In January, the authorities banned several bitcoin websites. However, following an appeal filed …

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Russian billionaire Viktor Vekselberg backs US online media group Gawker ahead of costly lawsuit

February 7, 2016

Columbus Nova Technology Partners, a California-based venture fund controlled by Russian billionaire Viktor Vekselberg, is to acquire a minority stake in Gawker Media. The amount and the terms of the transaction have not been disclosed. As its founder Nick Denton admitted in an internal memo, Gawker Media needed to strengthen its financial reserves as it is preparing for a …

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Russian torrents website strips copyright holders of their rights

February 7, 2016

Rutracker.org, the world’s largest Russian-language torrents website, has deprived copyright holders of the ability to delete illegal downloads, the IT-website Roem.Ru reported Tuesday. “It has been announced officially (…) that all CNA-accounts [which granted copyright holders the authority to delete links to illegal downloads] have been switched to regular user mode,” Oleg Yashin from the intellectual …

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RuNet 2016: Pressure shifts from companies to citizens

February 7, 2016

A space beyond governmental control, the Internet has long been a thorn in the Kremlin’s side. The search for a solution began in 2012. Various tricks have been tried, from the introduction of internet filters and the updating of a national system of online surveillance known as SORM to the direct intimidation of Internet giants both domestic and international. By 2014 the Kremlin had came up with something akin to a strategy. Accustomed …

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Netflix to launch in Russia in January 2016

February 9, 2016

US video streaming service Netflix will start operations in Russia imminently, along with other countries, Russian newspaper Izvestia reported yesterday, citing industry and media sources. At first, Netflix will work with traditional television providers and Smart TV — which was confirmed by a Russian representative of LG. According to TNS Global, the Russian Smart TV audience reaches 6.9 million users …

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Russian blogger sentenced to five years in prison for “extremist” posts

February 7, 2016

A Russian court on Wednesday sentenced a blogger to five years in jail for what it said was his extremist activity on the Internet after he urged people to attend a protest against high transport fares and criticised Russian intervention in Ukraine. Vadim Tyumenstev, 35, from the Siberian region of Tomsk, was also banned from using the Internet for three years in a case which Russian human rights activists said violated his …

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Russian lawmakers propose a new 18% tax on foreign-developed apps

December 30, 2015

Russian lawmakers have introduced draft legislation that would levy a tax on the purchase of content and software from foreign IT companies. In particular, the tax would apply to the App Store and Google Play online stores, where Russian customers currently pay no sales taxes. Lawmakers say the new legislation could bring in tens of …

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