A trade delegation of 25 leading European venture capital firms and top executives of major international technology corporations is visiting Russia this week to participate in the Second International Trade Delegation on Global Innovation Partnerships (GIP).
MTS, a leading Russian mobile operator and retailer, announced last Friday the launch of co-branded MasterCard credit cards under the name of MTS Dengi (“MTS Money” in Russian). The cards are being issued by the Moscow Bank for Reconstruction and Development (MBRD).
While Russia has set for itself the strategic goal of modernization through technological development, to date the country remains largely terra incognita to many international players in the IT sector because of the general lack of market data and business information in English.
Prominent Russian businessman Alisher Usmanov told Bloomberg that his $500 million acquisition of a 5% stake in Chinese Web retailer 360buy.com in March may have been his last big direct Web investment for some time. In a phone interview with the financial news agency last Friday, Usmanov said, “Investments in Internet companies start to bring …
DST backer cautious about investing in Internet companies as prices may have peaked Read More
Russia’s leading mobile retailer Euroset, whose IPO on the LSE was scheduled for this week, decided today to postpone the operation. “Despite increased interest from the investment community in Euroset, we decided to postpone the IPO due to volatile market conditions,” said President Alexander Malis, adding however that the company still expects to realize its strategic …
Amsterdam and New York – VimpelCom Ltd. and WIND Telecom S.p.A., leading international providers of telecommunications services, are pleased to announce the closing of the transaction that combines the two entities to create a new global telecom group.
Ogoniok, a Russian weekly owned by Kommersant, reported plans to create an international Russian-language TV channel. The project will be managed by Valery Komissarov, a former member of the Russian Duma, who claims to have a background in entertainment television and who announced to the press last month that investors had been found for the project.
Have you been watching the rise in media that is increasingly comparing GPS to GLONASS to BEIDOU and others? In some cases the comparisons seek to outright claim one is ‘better’ than another. In others, the comparison is framed as a ‘challenge’ , and yet others see Europe’s GALILEO as having a major influence currently (which is …
Is the real issue about comparing GPS to GLONASS to BEIDOU? Read More
Yandex, the leading search engine on the Russian-language Internet, announced yesterday the launch of Yandex.Factory, an investment program designed to help startups finance their product, prototype, or project development at the seed, or early, stage.
More than 120 Russian broadcasters and content distributors represented Russia at MIPTV, a key industry event for the European content market that took place in Cannes, France, from March 31 to April 4. This year, the show has hosted more than 11,500 participants from 107 countries.
KupiVIP.ru, Russia’s leading online shopping club, announced today the completion of a $55 million Series C funding deal – a record transaction for a Russian ecommerce business. Three new investors participated in the operation: Balderton Capital, Bessemer Venture Partners and Russia Partners.
Babyboom.ru, a Russian children’s goods website, has raised $900,000 from investors including Index Ventures and Team Europe Ventures as well as from business angels Chamath Palihapitiya, VP of Facebook, Fabrice Grinda, the founder of OLX, Jose Marin, the founder of IG Expansion and James Gutierrez, the founder of Progreso Financiero.
