Arkady Volozh, the co-founder of Yandex, the NASDAQ-listed Russian Internet giant, doesn’t like giving interviews to the media. However, he made an exception this week, following the recent settlement between Google and Russia’s Antimonopoly Service over a lawsuit brought by Yandex. Speaking to Anastasia Golitsyna, a correspondent for the business daily Vedomosti, Volozh answered questions …
Two weeks after the Ukrainian authorities banned leading Russian Internet sites as part of sanctions affecting 468 Russian legal entities, Yandex announced that the Ukrainian Security Service (SBU) conducted searches at the company’s offices in Kiev and Odessa. Yandex.Ukraine management and employees are accused of having gathered personal data of Ukrainian users and transmitted them …
Yandex’s Ukrainian offices searched by security service Read More
Sberbank, Russia’s national savings bank, has acquired a controlling stake (79.6%) in DocDoc.ru, a startup that helps users find doctors and set up medical appointments across 14 Russian cities. The details of the deal have not been disclosed, but the bank has specified that the remaining shares belong to the founding and top management teams — which …
Telegram, the international instant messenger which claims to guarantee its users a superior level of confidentiality, has reiterated its refusal to disclose “any information” to any “government or special service in the world,” the Russian media have reported, citing company statements. Earlier this week, Roskomnadzor, the Russian telecom regulator, requested Telegram to provide contact and other corporate information …
Telegram under pressure to get official registration with Russian authorities Read More
Confirming that the relations between Ukraine and Russia are currently at their lowest, Ukrainian President Petro Poroshenko yesterday signed a decree applying sanctions to 468 legal entities and 1,228 individuals from Russia. Among the targeted organizations are the two leading Russian Internet groups — Yandex and Mail.Ru Group — the services of which will be made …
Last week five messengers — WeChat, BlackBerry Messenger, LINE, Imo.im and the audiovisual chat Vchat — were banned by the Russian telecom regulator Roskomnadzor after refusing to be added to the official Russian “Registry of Information-Dissemination Organizers.” The news has been reported by Roskomsvoboda, a Russian NGO that aims to “combat Internet censorship in Russia.” …
Earlier this week Mail.Ru Group, a leading, LSE-listed Russian Internet group, and Rambler&Co, Russia’s fourth Internet group in terms of audience, announced the acquisition of Am.ru by Mail.Ru Group. The deal, an all-cash acquisition of $10 million, is expected to be closed imminently. The Am.ru team, including its founder Oleg Golubtsov, will join Mail.Ru Group to develop the business further. Am.ru is …
Today the LSE-listed Russian Internet group Mail.Ru Group announced the acquisition of food delivery startup ZakaZaka. This is an all-cash transaction which values ZakaZaka at $20 million. Signed on April 28, the deal is not subject to any third-party approvals. With 2,600 connected restaurants and 126,000 orders in March 2017, ZakaZaka claims to be the number two …
3 deals in 6 months: Mail.Ru Group consolidates Russian food delivery market Read More
As instant messengers tend to integrate more e-commerce and payment functions, Viber is planning to launch in Russia in the course of this year the new commercial and payment functions which are currently being tested in the USA. The news was reported by Evgeniy Roshchupkin, Global Director of Marketing Activations at Viber, in an industry …
Viber’s e-commerce features to be launched in Russia in the course of this year Read More
Russia’s largest internet group, NASDAQ-listed Yandex on Thursday raised its sales outlook for the year after settling a dispute with Google over product distribution on the U.S. company’s Android operating system. Google announced a deal with Yandex and Russia’s competition watchdog on April 17, pledging to stop requiring manufacturers of Android-based devices to pre-install its …
Yandex raises revenue forecast, talks up dividend prospect Read More
Multinational Logistics Partnership (MLP), a major operator in the Russian warehouse real estate industry, intends to launch an interactive transportation management system for cargo transportation in Russia. The project is expected to start operations in the course of this year. Dubbed ‘TransCord,’ the system will track information about registered carriers and cargoes. An advanced selection algorithm automatically will identify …
Russian warehouse operator plans to launch “Uber for cargo carriers” Read More
Russia’s Federal Antimonopoly Service (FAS) announced today the end of a two-year legal procedure with the involved parties reaching a voluntary settlement in a Moscow arbitration court. “The settlement will help eliminate the violations of the antimonopoly legislation previously detected and will ensure competition on markets of mobile applications, especially mobile search,” stated the FAS. In a case launched in February 2015 by …
Google, Yandex and antimonopoly authority reach settlement on Android in Russia Read More
