International

Rambler Group drops suit against Twitch over litigious sports content

December 18, 2019

Rambler Group has withdrawn its claim against Twitch, a streaming service controlled by Amazon, over alleged piracy broadcasting of English Premier League games. No financial compensation has been sought or paid after Twitch withdrew the litigious content, as reported by Reuters. “We are glad that we reached the common understanding and closed the trial proceedings, and …

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Cross-border marketplace Bringly stops activity

December 18, 2019

Earlier this month Bringly, the cross-border e-commerce marketplace of the Yandex Market group of companies, stopped accepting orders – just one year after its launch in beta version. The group intends to transfer its cross-border offers to Beru.ru, another marketplace initially designed for domestic purchases. Bringly aimed to become “a truly global platform, including both cheap goods from China and alternative …

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Russian Internet group Rambler sues Amazon’s Twitch for $3 billion

December 17, 2019

Russia’s third-largest internet company Rambler wants a record 180 billion rubles ($2.87 billion) in compensation from Amazon’s streaming giant Twitch over illegal streams, the Kommersant business daily reported Monday, the second high-profile action Rambler has taken against a U.S. tech company in less than a week. Rambler wants to ban Twitch and seek damages over what it …

Russian Internet group Rambler sues Amazon’s Twitch for $3 billion Read More

Rambler triggers criminal case against Nginx over IP rights, then steps back

December 18, 2019

Last week in Moscow an unexpected criminal case tarnished one of Russia’s best tech success stories – that of Nginx, the world’s most popular web server, which was sold to a US industry giant 15 years after being created by an obscure Russian system administrator.  On Thursday, December 12, law enforcement raided the company’s Moscow office. Armed …

Rambler triggers criminal case against Nginx over IP rights, then steps back Read More

BlaBlaCar completes acquisition of bus ticketing platform Busfor

November 12, 2020

BlaBlaCar, the carpooling giant born in France, is expanding to a new market segment with the acquisition of international bus ticketing platform Busfor. The deal, announced in September, has just been completed after obtaining the required antitrust permits in Ukraine, reports Kyiv Post. The terms of the agreement have not been disclosed, but it might …

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How top international hacking collective takes advantage of family ties in Russian intelligence community

December 13, 2019

On December 5, the U.S. government formally indicted members of the Russian hacker group “Evil Corp.” Washington says these men are behind “the world’s most egregious cyberattacks,” causing hundreds of millions of dollars in damages to banks. The Justice Department believes Evil Corp’s leader is Maxim Yakubets, who remains at large and was still actively involved in hacking activities …

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Amazon Prime acquires distribution rights for Russian TV series

December 11, 2019

Amazon Prime has purchased the European distribution rights for Konstantin Bogomolov’s television series ‘Soderzhanki’ (translated as “Gold Diggers”). The show will be available with German subtitles later this month and French subtitles in January 2020. Amazon Prime has bought the rights to other Russian TV shows before, but this will be the first Russian production presented as part of Amazon Originals and Exclusives, …

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Russian designer invests in US startup to reinvent online travel booking

December 11, 2019

Last month EightyDays, a US startup born in Belarus, secured an undisclosed amount in a seed round of funding from Artem Lebedev. The famous Russian designer saw in this startup’s technology “an incredible, fantastic, extraordinary new way of making travel bookings online” (see video). EightyDays has created a multi-destination booking service intended for international travellers planning a …

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November 2019 in Eastern Europe: Sberbank expands its empire, Baring Vostok cancels new fund, IT firms merge in Belarus and Ukraine

December 16, 2019

Crunchbase and East-West Digital News are teaming up to cover key tech and venture trends from Russia and neighboring countries in Eastern Europe and Central Asia. Since January 2019, EWDN chief editor Adrien Henni has offered a monthly column to highlight the most notable industry facts and trends as well as promising tech innovations from these countries. The November review highlights moves …

November 2019 in Eastern Europe: Sberbank expands its empire, Baring Vostok cancels new fund, IT firms merge in Belarus and Ukraine Read More

Top brands and thousands of e-commerce professionals to meet in Berlin (Feb. 13, 2020)

February 9, 2020

With more than 7,000 visitors and 180 exhibitors expected, E-Commerce Berlin Expo is the biggest pure-play e-commerce event in the (tech) capital city of Germany. In its 5th edition, the fair will take place in Station Berlin on February 13, 2020. The expo brings together the top players in the e-commerce industry, thus offering online sellers and retailers …

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US and UK accuse two Russian nationals of causing tens of millions in hacking damages

December 9, 2019

US and British law enforcement officials announced charges Thursday against two Russian nationals they think are responsible for separate global hacking schemes. Some of the largest pieces of malware ever seen were deployed to swipe tens of millions of dollars from the bank accounts of unsuspecting victims. Officials identified those charged as Maksim Yakubets of Moscow and …

US and UK accuse two Russian nationals of causing tens of millions in hacking damages Read More

Ukrainian fund puts $1 million in Russian-founded edtech startup

December 4, 2019

A Kyiv (Kiev)-based venture fund, Genesis Investments , has just injected $1 million in Russian-founded edtech startup IntellectoKids.  The news was reported earlier this week by Rusbase, which cited exchanges with the startup’s press service. The details of the transaction were not disclosed.  Founded in 2016, IntellectoKids presents itself as a media, entertainment and education platform for parents and …

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