E-Commerce

New discount aggregator to measure itself with international giants Yipit and Thedealmap

September 8, 2011

As dozens of daily deal sites do battle on one of the most competitive segments of the Russian Internet – including Groupon Russia, KupiKupon, Biglion, Vigoda.ru, WeClever.ru and KupiBonus.ru – discount aggregators are gaining momentum. Zina.ru, a particularly aggressive newcomer created this summer in just 30 days, is on the scene angling for its share, as CEO Leonid Gluzman …

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Foursquare launches versions in Russian and four other languages

September 2, 2011

US Foursquare announced yesterday it launched localized versions of its social geolocation service in Bahasa Indonesian, Korean, Portuguese, Russian, and Thai. The new versions have been made available through the company’s iPhone, Android, and BlackBerry applications as well as through its web interface. The Russian press also reported rumors that Foursquare is considering hiring a country …

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Russian smartphone market to exceed $2 billion in 2011, Samsung on the rise

August 15, 2011

According to Svyaznoy, a major mobile retailer, the Russian smartphone market expanded by a whopping 78% in the first six months of 2011, reaching an estimated value of 30.7 billion rubles, or $1.1 billion. Sales for the period reached 2.8 million devices – a figure confirmed by MTS, a leading mobile operator and retailer – up …

Russian smartphone market to exceed $2 billion in 2011, Samsung on the rise Read More

Online bidding platform for state purchases enrolls companies in pro-Putin political movement

August 5, 2011

The United Electronic Trading Platform (UETP), a nationwide bidding platform for state purchasing, announced last Tuesday that thousands of companies have joined the Popular Front through its website. Announced last May, the Popular Front is a political initiative aimed at supporting Russian Prime Minister Vladimir Putin and his United Russia party in the forthcoming legislative …

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Personal data law comes into full force, Medvedev signs more restrictive amendments

February 15, 2017

Last week, President Medvedev signed certain amendments to the Russian law on personal data, which hardened the legal obligations on all organizations – both corporate and state sector – dealing with personal data. Although the law was voted by the Russian parliament in 2006 – one year after Russia ratified the Council of Europe’s 1981 Strasbourg …

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Stock of online retailer Utinet.ru fails to attract many investors

July 28, 2011

The stock of the leading consumer electronics retailer Utinet.ru that was introduced last week on MICEX, one of the two Moscow stock exchanges, didn’t attract much investor interest during its first days of trading. This Monday the volume of trading of Utinet.ru stock totaled just 3.7 million rubles, or slightly over $130,000, while the offer …

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Russian photo service company backed by Nordic and Belgian investors

July 25, 2011

The CapMan Russia fund, in collaboration with Belgian investment company Gimv NV, announced last week it has provided an undisclosed amount of growth capital to Expert Photo, a leading provider of online and offline photo related services in Russia.

Plug computer production started in Russia

July 19, 2011

Russian electronic device maker AK-Systems has started production of compact ‘plug computers’ on three different sites in Russia. Plug computers are a class of miniature computer hardware that plugs directly into alternate current (AC) outlets and offers basic computing functions. The news was announced by AK-Systems’ General Manager Arkady Karzhitsky to CNews.ru, a Russian website …

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Mobile retailer Svyaznoy to launch music portal

July 15, 2011

Russia’s second largest mobile phone retailer Svyaznoy, which operates some 2,300 outlets throughout Russia, will soon launch a website to sell music, ebooks and other multimedia content, Russian daily Vedomosti reported, citing Svyaznoy’s General Manager Denis Lyudkovsky. The future portal – still unnamed – will offer over 1 million music tracks, over 30,000 e-books, computer …

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