Cross-Border Sales

Music analysis startup FindStream monitors 27,000 Internet radio stations

May 21, 2013

Balakam, a Russian company which launched a search engine for media content two years ago, has just released the beta version of its new project, christened FindStream. The service monitors more than 27,000 Internet radio stations every two minutes, providing users with data on track popularity and emerging trends in the music industry. The service …

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ASOS opens in Russia

May 14, 2013

Joining the ranks of leading international e-commerce companies like Amazon, Kayak, Airbnb and eBay either announcing plans or opening a localized Russian offering, UK-based ASOS has officially launched the Russian version of its site. The ASOS Russia country site is the latest edition to the company’s country-specific sites, joining the United States, France, Germany, Italy, Spain and Australia. Importantly, …

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Online plane ticket sales in Russia have reached $3 billion per year

March 2, 2017

The Russian market for online airline ticket sales has grown to a whopping $3 billion, according to the general manager of online travel agency Biletix.ru, Alexander Sizintsev. This distribution channel currently accounts for 15 to 20% of all the plane tickets sold in the country, RIA Novosti reported last week. About 40% of the plane …

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Moscow Seed Fund and Igor Ryabenkiy invest in social shopping advisor

November 19, 2014

SocialMart, a two-year-old Russian product recommendation service for social networks, raised an as yet unspecified amount of investment in late April from Moscow Seed Fund, Moscow City’s venture arm, and Igor Ryabenkiy, a serial Russian angel investor. Ryabenkiy already backed the Moscow-based startup last fall in SocialMart’s seed round. That investment helped the company further …

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Russian billionaire Alisher Usmanov buys $100 million stake in Apple

January 23, 2016

Russia’s richest man Alisher Usmanov told Bloomberg that he recently spent about $100 million buying Apple shares in anticipation they will rise. “I believe in the future of this company even after Steve Jobs,” he said to the news agency. “When the company lost $100 billion of its market value, it was a good time to buy …

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Forbes ranking: Hi-tech has made just two billionaires in Russia

April 29, 2013

Among Russia’s billionaires, only two have made their wealth exclusively from high technology industries, according to Forbes’ latest ranking of Russia’s billionaires released earlier this month. The Russian edition of the US magazine has estimated the wealth of Arkady Volozh, the co-founder, main shareholder and CEO of NASDAQ-listed search company Yandex, at $1.15 billion.

E-commerce platform TetraMall helps manufacturers, distributors go online

April 29, 2013

Russia’s manufacturers, distributors and wholesalers can now experiment with online sales without investing in their own IT, payment, fulfillment or even online marketing capacities. A new specially-designed platform called TetraMall was launched last month to offer such clients a complete set of services for starting e-commerce activities “quickly and successfully.” The St. Petersburg-based company claims …

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Ozon to invest over $30 million in new loyalty program

April 24, 2013

Ozon Holdings announced a new customer loyalty program yesterday, christened OZON Status, which was designed with the participation of customers. Ozon indicates that just 10% of its customers generate 50% of its sales. These intensive customers, who tend to purchase a variety of items from different categories, will be granted a special status from the …

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Amazon in Russia: Selling e-books or building e-commerce business?

April 19, 2013

The Russian edition of Forbes revealed this morning – referring to “several sources on the publishing market” – that Amazon has opened a representative office in Moscow. Arkady Vitrouk, who was previously director of Kindle content for Russia, is reported to head the US giant’s operations in the country. While these moves have not been been confirmed officially, it remains …

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Online retailer Holodilnik.ru trades equity for ads

April 17, 2013

Holodilnik.ru, Russia’s leading online retailer of household appliances, has offered a minority stake to Media Capital in exchange for a large-scale advertising campaign. This is the first known media-for-equity deal on the Russian Internet market. The transaction’s terms have not been disclosed, but a source close to the deal told leading Russian business daily Kommersant …

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