International

Kremlin gives Twitter another month to comply with content removal demands

April 7, 2021

Russia’s internet regulator Roskomnadzor has extended the deadline until May 15 for Twitter to delete content the government objects to or face a ban, the watchdog said on April 6. The state information agency said that it would not block Twitter if it deletes posts relating to pornography and suicide instructions amongst other things. However, …

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TikTok fined $34,000 for not removing posts on unauthorized street protests in Moscow

April 7, 2021

A Moscow court has fined TikTok 2.6 million rubles (some $34,000 at the current exchange rate) for refusing to delete information encouraging teenagers to join an unauthorized street protest in Moscow on January 24, TASS reported. At that time, Russian social network aficionados, including millions of teenagers, had transformed TikTok into a digital rebellion hotspot. “Navalny stay alive,” “Putin’s …

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This former Russian deputy minister is now worth $10 billion after NASDAQ IPO

September 28, 2021

A new Russian tech billionaire emerged last week on the NASDAQ with the SPAC-enabled listing of Arrival, a company touted as a game-changer in the electric car industry.  Born 42 years ago in the Soviet republic of Georgia, Denis Sverlov founded in first company — an ERP integrator called IT Vision — in 2000, immediately after graduating the …

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QIWI teams up with Swedish Digital Alliance to launch SoftPOS-based contactless payment service

April 2, 2021

Swedish fintech player Digital Alliance AB and Russia’s QIWI Group have launched a new solution based on advanced SoftPOS technology. Initially launched in Russia under the brand ‘tap2go,’ the service will be made available on other markets in the course of 2021. The new service enables end users to accept card payments directly on their mobile devices, …

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Russia’s AI Alliance launches training programs, contests and an investment platform

April 1, 2021

The board of the Artificial Intelligence Alliance met in late March in Moscow, providing updates about this organization created by large Russian companies 2019. An investment platform will be launched to “consolidate the AI project and idea pipeline” and provide participating companies with access to the corporate accelerators of the members. Dubbed ‘AI-Hub,’ this platform will also “allow …

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New remote opportunities in the Baltics for tech talents worldwide (online fair, April 8)

April 9, 2021

On April 8, the online fair ‘Your Next Move: Spotlight on the Baltics‘ will highlight the region’s fast-growing tech ecosystem and its opportunities for international talents, including from Russian-speaking countries.  This online event aims to position Latvia, in particular, as a first-choice destination to build a professional carrier or do business within a number of companies, from …

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Ford to become first mass producer of electric vehicles in Russia

March 29, 2021

Ford is set to become the first automaker to launch mass production of electric vehicles in Russia, the Kommersant newspaper has reported. The U.S. car giant, through a joint venture with Russian firm Sollers, will start making electric versions of its Ford Transit vans at a plant in Russia’s republic of Tatarstan from 2022, a company …

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2020 report: Russian VC market fell to $702 million, foreign investment reached new lows

December 31, 2021

Dsight, a Moscow based business intelligence company with a focus on investment, has just released the English version of its yearly Russian venture report. The trends are disappointing, with a 20% contraction of total investment volume — from $869 million in 2019 to $702.8 million in 2020. Dsight attributes this fall to the “unpredictability of the …

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Russian gaming giant Playrix acquires Ukrainian Boolat Games

March 24, 2021

Earlier this week Playrix, a global Russian-founded gaming giant, announced the acquisition of Ukrainian game studio Boolat Games. The terms of the deal have not been disclosed.  Launched 20 years ago, Boolat Games creates multi-platform free-to-play and adventure games. Different genres are available, from casual to hardcore: RPG, time-management, hidden objects, strategy, etc. The studio’s portfolio features dozens …

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Korean tech news site teams up with EWDN to bridge global innovation

March 22, 2021

Startup Recipe, a leading tech news outlet from South Korea, and East-West Digital News, the international resource on tech innovation in Eastern Europe, have teamed up to provide their respective audiences with new insights. Startup Recipe now offers a selection of translated EWDN content on its website. In the past few weeks, through this content …

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Yandex launches world’s first crowdsourced data-labeling course on Coursera

March 23, 2021

Last week Yandex, the Russian NASDAQ-listed digital tech giant, launched an online course on data labeling, presenting the initiative as a world’s first.  This five-week course aims to teach “efficient and scalable data labeling for ML and various business processes” based on a crowdsourcing approach. Students are explained how to “split complex challenges into small tasks and distribute them among a …

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Report: South Korean startups revitalized with $3.6 billion injected in 2020

April 9, 2021

Startup Recipe, a leading South Korean startup media and a partner of East-West Digital News, has just released its 2020 Startup Investment Report. The report contains key facts, numbers and trends on this country’s startup investment and ecosystem, as well as information from the concerned startups and investment companies. The South Korean startup ecosystem was …

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