Since its official release on April 26, Samsung’s new smartphone, Galaxy S4, has been enjoying record-breaking sales in Russia. According to Mobile Research Group, in the first three days, over 15,000 handsets have been sold. “This is a record for a device in this price range. The iPhone 5 did considerably worse in the first …
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 …
Russian billionaire Alisher Usmanov buys $100 million stake in Apple Read More
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.
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 …
E-commerce platform TetraMall helps manufacturers, distributors go online Read More
As a consequence of the dramatic increase of package shipments from abroad – consisting mainly of parcels sent from foreign online retailers to customers in Russia – up to 500 tons of parcels massed up earlier this month at Moscow’s airports and customs check points. In a rare move, Deutsche Post urged a probe into …
Russian online shoppers’ orders congest Moscow airports Read More
Qiwi PLC, owner of Russia’s biggest instant-payment operator, announced that its shareholders were seeking to list 12 million Class B shares (U.S. $16–18 each) in the form of American depositary shares (ADS) on the NASDAQ in May. Overall, the company owns 52 million shares, so the placement of 12 million Class B shares accounts for the …
Walkbase, a Finnish startup that has developed an innovative retail analytics solution, has received a seed capital injection from Russian and Scandinavian investors after four years of R&D. Neither the amount of the round nor the company’s valuation have been disclosed. The investors include Leonid Gluzman and Leonid Volkov, two Russian business angels, and Jan …
Russian angels invest in innovative Finnish online-offline retail analytics Read More
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 …
Ozon to invest over $30 million in new loyalty program Read More
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 …
Amazon in Russia: Selling e-books or building e-commerce business? Read More
For the fourth year in a row, Condé Nast Digital Day brings together over 500 leading marketing and communications professionals from the luxury industry. This year’s conference, which was held last week in Moscow, offered a special focus on e-commerce: how to build your sales online, how different is the online customer and its buying behaviour, …
Condé Nast’s 4th Digital Day: A “Window to the Future” in Moscow Read More
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 …
Online retailer Holodilnik.ru trades equity for ads Read More
Earlier this month La Conférence Luxe & Digital gathered almost two hundred industry representatives, experts and journalists from Russia, France and the United States to share their experience and views on today’s digital trends in the luxury and fashion industry. Previously staged in Paris since 2010 and Moscow last year, the event was coordinated this …
Conference on luxury’s digital revolution: from eBay inspiration to 3D novelties Read More
