The online lodging service Airbnb has seen rapid growth in Russia as the country’s economic recession forces more Russians to look for ways to supplement their incomes, the Bloomberg news agency reported Tuesday. The Russian business of San Francisco-based Airbnb has doubled during the past year, propelling Moscow into the world’s top 10 cities with …
A new system uniting IT and medicine is taking its first steps into the Russian market. Billed as digital health, its aims are to help people save money on treatment, to accelerate medical services, and to make those services accessible to people living in the remote regions of Russia’s eleven time zones. Entrepreneurs believe this …
Digital connections provide top-tier healthcare to Russian villages Read More
How Russians prepare their food may change in the near future, as a result of a loophole in the restrictions against imported foods in the country. Consumers can access foreign foods online in Russia, offering a small but significant opening in the embargo against foreign groceries. However, it remains to be seen whether this will result …
Consumers accessing foreign foods online in Russia Read More
Bold enough to compete with the mapping services of Yandex and Google, 2GIS, a Novisibirsk, Siberia-based company, has raised $40 million from two major investment funds, Baring Vostok Capital Partners and Ru-Net. Launched in 1999 and now developing across three continents, 2GIS (pronounce “double giss”) is one of the least known but most remarkable Russian technological firms. The …
Mamba, the leading online dating company in Russia, has acquired Teamo.ru, an online service launched in 2010 by Moscow-based Internet startup investor and incubator Fastlane Ventures. Russian business daily Kommersant heard from a source “with knowledge of the project” that Teamo has been valued at “several million US dollars.” Mamba’s general manager Andrey Bronetskiy characterized Teamo as “a …
Russia’s online dating market consolidates: Mamba acquires Teamo Read More
On Oct. 25 Russian and Iranian communications ministers Nikolay Nikiforov and Mahmoud Vaezi announced that Yandex, the Russian search giant, was to start operating in Iran. “We are familiar with the powerful Russian search engine Yandex. We agreed that Yandex will open an office in Iran. The system will be adapted for the Iranian people and …
‘No, thanks,’ responds Yandex to government assignment to operate in Iran Read More
Moscow and Amsterdam, The Netherlands — Yandex (NASDAQ:YNDX), one of Europe’s largest internet companies and the leading search provider in Russia, today announced its unaudited financial results for the third quarter ended September 30, 2015. Q3 2015 Financial Highlights(1)(2) Revenues of RUB 15.4 billion ($233.1 million), up 18% compared with Q3 2014 Ex-TAC revenues (excluding traffic acquisition …
Naspers announced today a $1.2 billion transaction to become the largest shareholder in Russia’s leading online classifieds site Avito.ru — just weeks after the company aired its IPO plans. After buying shares from existing shareholders, Naspers will increase its stake from 17.4% to 67.9% on a fully diluted basis. Kinnevik is selling its entire 31% stake to the …
Naspers acquires controlling stake in Avito.ru in one of Europe’s largest startup exits Read More
Microsoft and Yandex, the NASDAQ-listed Russian search giant, announced today a strategic cooperation agreement to allow users in Russia, Belarus, Kazakhstan, Ukraine, Turkey and several other countries in the region to upgrade to a custom experience with Windows 10. In these countries, Yandex will be offered as the default homepage and search for the Microsoft Edge browser …
Microsoft and Yandex agree to deliver Windows 10 with Yandex search Read More
Last week Yandex, the NASDAQ-listed Russian search giant, launched an online video streaming offer on KinoPoisk (in Russian: “Cinema Search”), the movie and TV recommendation service it acquired two years ago. Inspired by US platform IMDb, KinoPoisk was initially an online database containing 100 million movie descriptions and ratings with associated trailers and user commentaries. …
Yandex backpedals on new version of movie platform after user fury Read More
Avito, Russia’s leading online classifieds site, is preparing for an IPO, co-founder and CEO Jonas Nordlander stated last week. Avito is “in the preparation for the simple reason that we want to have options if it at some point makes sense for the business and shareholders to go public,” Bloomberg quoted him as saying. Avito …
Avito acquires delivery service aggregator CheckOut and prepares for IPO Read More
Russia’s biggest Internet search engine Yandex said it could seek a deal with Microsoft to become part of its Windows 10 platform in Russia and potentially other markets. Such a deal would fit in with the Russian company’s efforts to expand in mobile search and diversify away from the weak rouble. Microsoft said last week it had …
Yandex says may seek tie-up with Microsoft for Windows Read More
