Alibaba Group is preparing to launch in Russia its cloud platform, ‘Alibaba Cloud,’ reports Kommersant. According to the business daily’s sources, Alibaba has occupied more than half of the capacity in the IXcellerate data center, which can accommodate about 1,500 racks. According to another source, Alibaba needs the platform to support its growing businesses in …
According to BCG report Global Payments 2020: Fast Forward into the Future, Russia is among the five world leaders in terms of speed for the transition to non-cash payments during the Covid-19 pandemic. Analysts calculated the net change in consumer cash payments, based on the proportion of consumers who used cash more frequently during the …
Russia among top 5 countries for transition to cashless payments during pandemic Read More
iHerb, one of the most successful international e-commerce companies in Russia, is planning to invest some $100 million in this country in the next two years. These investments are aimed to “improve the Russian customer services, support and expand product export by Russian manufacturers, [develop] partnerships with Russian logistics companies, expand in-house technology development center operations, and build …
US health and beauty online giant iHerb plans to invest $100 million in Russia Read More
Lanit-Integration (part of the Lanit group) and Intel have developed and implemented a system for remote coordination and protection of medical workers in 39 clinics across Russia (as of August 2020). The technology — initially intended for industrial purposes — is based on ergonomic ‘smart glasses’ equipped with a video camera and a compact screen. …
Intel-backed telemedicine service protects Russian medical workers from Covid-19 Read More
Russian sovereign wealth fund RDIF, China’s Tencent and Prosus (part of the Naspers Group), alongside other major strategic investors, have participated in Mail.Ru’s $600 million offering of global depository receipts (GDRs) and convertible bonds. The LSE-listed company will use the proceeds from the offering to develop, in particular, two joint ventures: O2O, which Mail.Ru launched …
Naspers, Tencent and RDIF buy Mail.Ru’s GDRs and bonds Read More
Ozon, Russia’s leading multi-category e-commerce company, aims to go public later this year or in early 2021, the company announced Friday, and has started the registration procedure for an initial public offering (IPO) with the US Securities and Exchange Commission (SEC). The company did not provide any details on the potential placement but, according to …
Russian digital majors Ozon and ivi.ru plot US IPOs Read More
The Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, has teamed up with its Emirati peer Mubadala to invest “more than 1 billion rubles” (approximately $13 million at the current exchange rate) in Russian face recognition startup NtechLab. Touting itself as “the global leader in computer vision systems based on artificial intelligence and neural networks,” NtechLab provides solutions …
A series of news in the past few days came to underline the intensifying relationship between Russia and Gulf countries in the fields of technologies and investment. Mubadala eyes Russian technologies Thus last week Sberbank, the state-controlled Russian financial and tech giant (now known as Sber), announced a “strategic agreement” with Mubadala Investment Company (Mubadala), an Abu Dhabi-based sovereign …
Russia and Gulf countries intensify cooperation in high tech Read More
As the global digital music market pursues solid growth, last week saw three deals involving companies from Russia or with Russian founders. Sberbank acquires Zvooq Just a day before touting its transformation into a tech “universe,” Sber announced the acquisition of Zvooq, one of the most established Russian music platforms. No details about the transaction were disclosed. Founded in 2010 by UK …
From Moscow to Berlin, digital music startups attract top investors Read More
Russia’s Internet and telecom regulator Roskomnadzor has added Binance, the world’s largest crypto exchange, to the list of blacklisted websites in the country. The exchange was blacklisted on June 2, 2020, but Binance became aware of this only on September 24th, after receiving communication from Roskomnadzor. Binance said on its Russian Telegram channel it was …
According to an announcement by Mail.ru Group on the London Stock Exchange, the Internet company plans to raise $600 million: $200 million in global depositary receipts (GDRs) to raise capital and $400 million in convertible bonds. Mail.ru Group will use this money to develop and support the business and finance future transactions, especially in areas that have …
Mail.ru Group plans to raise $600 million on London Stock Exchange Read More
‘Deliver,’ a major international event on e-commerce and logistics, will take place this year in a fully online format, attratcing participants from all parts of the world. An unprecedented league of 600 decision-makers in retail and logistics will participate. This year, 12 different themes will be addressed during the four Retail Leaders Masterclasses: Automation, Omnichannel, Sustainability, Resilience, Community, Business Model, Customer …
Deliver, the European rendez-vous for logistics (online event, Oct. 8-9) Read More
