E-Commerce

From ‘Kalinka’ to high tech startups, two conferences showed Russia’s changing face

June 4, 2012

Two important international tech events took place on May 28 and 29 in Moscow, nearly simultaneously and almost in the same location, a former chocolate factory in center town. The first was the legendary DLD Conference, making its Moscow debut, and the second event was an international startup and investor conference named “42.” The events …

From ‘Kalinka’ to high tech startups, two conferences showed Russia’s changing face Read More

Online furniture retailer HomeMe.ru secures $5 million from leading Russian and Western funds

May 23, 2012

HomeMe.ru, a website offering furniture and some home accessories, announced last week it has raised $5 million in a Series A round of financing from Russian venture funds AddVenture and ABRT, as well as from Mangrove Capital Partners, a fund headquartered in Luxembourg. Launched in early 2012, HomeMe.ru currently has an assortment of 2,000 stock …

Online furniture retailer HomeMe.ru secures $5 million from leading Russian and Western funds Read More

David Waroquier of Mangrove Capital Partners: “In the coming two years, we expect to see a few major exits in the e-commerce sphere.”

May 21, 2012

A pioneer among foreign investors on the Russian venture scene, David Waroquier of Mangrove Capital Partners is a recognized expert of the local Internet ecosystem and a reference partner for several Russia-based ventures. He shared with East-West Digital News his vision of the fast-growing Russian online retail market, its challenges, and the possible exit scenarios for investors in this industry. …

David Waroquier of Mangrove Capital Partners: “In the coming two years, we expect to see a few major exits in the e-commerce sphere.” Read More

Global software, games and consumer electronics companies target Russia

May 17, 2012

Digital River, a US-based software company, has just released a survey of 250 companies across Asia, Europe, North America and emerging countries – including Brazil and India – which operate in the software, gaming software and consumer electronics sectors and generate annual global revenues of $250 million or more. Russia came out on top of …

Global software, games and consumer electronics companies target Russia Read More

Ozon CEO Maëlle Gavet: “We have internalized most of the delivery process to make it more cost-friendly and efficient”

May 8, 2012

After six years with BCG in Russia, Europe and India, Maëlle Gavet joined Ozon.ru in early 2010 as Marketing and CRM Director. She was appointed CEO in 2011, a year that came as a tipping point for this major online retailer, with a $100 million round of financing in September and, by the year’s end, …

Ozon CEO Maëlle Gavet: “We have internalized most of the delivery process to make it more cost-friendly and efficient” Read More

Click-and-mortar concepts gain traction among Russian retailers

May 2, 2012

M.Video, a leading consumer electronics retailer, will open a network of outlets in Russian cities of less than 150,000 inhabitants, Telecom Daily reported last week. The limited-surface outlets will extend their restricted on-site assortment through POS electronic terminals that provide local customers with access to the retailer’s full catalog. The first outlet of this type …

Click-and-mortar concepts gain traction among Russian retailers Read More

Report: M&A in the Russian communications and media sector in 2011 and early 2012

April 30, 2012

2011 was a rather disappointing year for M&A both globally and in Russia. Compared to the 6% decline in the value of global M&A deals, Russia’s M&A market experienced an even stronger reduction in value, by almost 28%. This is a sign of its continuing higher volatility, but also the result of fewer mega deals …

Report: M&A in the Russian communications and media sector in 2011 and early 2012 Read More

Russian Post and Rostelecom judged “anti-brands of the year”

April 27, 2012

The Russian Post was among the ten companies awarded the title of “Anti-Brand of the year” by Potrebiteli.ru, a non governmental consumer rights initiative,  for the second time in two years. “Judging from the endless flow of complaints, the Post’s work does not leave some things to be desired; it just leaves anything positive to …

Russian Post and Rostelecom judged “anti-brands of the year” Read More

Government hotline to combat consumer rights violations in online retail

April 24, 2012

The Public Chamber, a state organization which aims to organize and enhance the relationship between Russian citizens and government, plans to open a hotline next month to field consumer complaints about violations of consumer rights by e-commerce sites. This initiative was announced by Anatoly Kucherena, a lawyer who heads the Public Chamber’s commission on citizens’ …

Government hotline to combat consumer rights violations in online retail Read More

Yandex e-currency teams up with MasterCard to issue new payment card

April 18, 2012

The Russian search giant Yandex yesterday announced a new step toward integrating its electronic currency, Yandex.Dengi – which translates as Yandex.Money – with bank systems. Users of this virtual currency can now obtain a MasterCard debit card tied to their Yandex.Dengi account and make payments using funds from Yandex.Dengi. The co-branded card can be used …

Yandex e-currency teams up with MasterCard to issue new payment card Read More

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