International

Skolkovo teams up with global companies to launch healthcare innovation center

June 20, 2019

Skolkovo, a major international tech hub on the outskirts of Moscow, is planning to launch a center for innovations and IoT in healthcare in the fall of 2019. The center will focus on pivotal issues like reducing mortality rates, combating cancer and chronic diseases, and bringing digital technologies in healthcare in Russia. The priority goal …

Skolkovo teams up with global companies to launch healthcare innovation center Read More

How international solution providers reshape today’s global payment ecosystem

August 6, 2019

In association with leading international publications, East-West Digital News presents a series of expert analysis and thought leadership pieces to shed light on global e-commerce and e-payment trends and prospects. This first article by ThePaypers is an analysis of the global landscape of solution providers, which highlights the salient differences that currently exist between them. …

How international solution providers reshape today’s global payment ecosystem Read More

Russian money fuels UK sharing economy startups

June 20, 2019

While the UK has traditionally been a key destination for Russian tech entrepreneurs and investors, two recent deals involving sharing-economy startups are confirming that even Brexit uncertainties are not stopping the trend. Thus, Impulse VC has just led a $6 million Series A round for London-based GuestReady. This three-year-old service lets shared-economy hosts manage their business …

Russian money fuels UK sharing economy startups Read More

Mail.ru Group’s virtual disk client goes global

June 14, 2019

Mail.ru Group, the LSE-listed Russian Internet giant, is launching its Disk-O virtual disk client on the international market. A source in the group told Kommersant, a major business daily, that the company expects to attract one million users in the first year of international operations. Targeted countries include China, France, Germany, India, Spain, Turkey, the UK …

Mail.ru Group’s virtual disk client goes global Read More

Major Russian and international investors to inject $40 million in leading online video platform

June 11, 2019

A group of top Russian and foreign investors is committed to inject $40 million in ivi.ru, Russia’s largest online video platform in terms of revenue. The exact terms of the deal, which is set to be closed by late July, have not been disclosed.  These investors include Russia’s sovereign fund RDIF, Mubadala Investment Company (UAE), Baring …

Major Russian and international investors to inject $40 million in leading online video platform Read More

Russian sovereign fund agrees $3 billion high-tech investment partnerships with Middle East, Chinese players

June 11, 2019

Last month the Russian Direct Investment Fund (RDIF) received $2 billion from foreign investors to support Russian startups developing AI projects, the business daily Vedomosti reported, citing exchanges with RDIF representatives. The money came from sovereign funds and global corporations in the Middle East and Asia, including the UAE.  The RDIF plans to invest variable amounts in …

Russian sovereign fund agrees $3 billion high-tech investment partnerships with Middle East, Chinese players Read More

Eastern Europe & Central Asia in May 2019: Russian NASDAQ IPO; AI Putin-style; a startup for cash

June 10, 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 May review highlights the …

Eastern Europe & Central Asia in May 2019: Russian NASDAQ IPO; AI Putin-style; a startup for cash Read More

Huawei acquires Russian face recognition technology

June 10, 2019

Chinese electronics manufacturer Huawei has acquired the face recognition technology of Russian startup Vocord, with patents and equipment and hiring most of the related team, as reported by business daily Vedomosti. According to the official company register, the deal took place on May 17 when Huawei subsidiaries fully acquired Moscow-based Eagle Softlab. Earlier this year, Eagle Softlab, …

Huawei acquires Russian face recognition technology Read More

Alibaba, Mail.Ru, MegaFon and RDIF commit to invest nearly $400 million in Russian social commerce joint venture

July 13, 2019

Yesterday Alibaba, Mail.Ru Group, Russian telco MegaFon and sovereign fund Russian Direct Investment Fund (RDIF) announced they received approval from Russia’s antimonopoly authorities for their “social commerce joint venture.” The JV will leverage on the existing businesses of AliExpress Russia, the B2C marketplace owned by Alibaba which controls a large part of the e-commerce flows between China and Russia. The partners …

Alibaba, Mail.Ru, MegaFon and RDIF commit to invest nearly $400 million in Russian social commerce joint venture Read More

German DEG and Da Vinci Capital invest in DataArt, a global tech consultancy with roots in Eastern Europe

June 6, 2019

 Last week German development finance institution DEG  announced it provided equity funding to DataArt, a leading global developer of complex IT solutions. The amount of the deal was not disclosed. Alongside DEG, this venture round was backed by Da Vinci Capital – a major EBRD-backed and PE firm focusing on Russia and neighboring countries which already provided funding to …

German DEG and Da Vinci Capital invest in DataArt, a global tech consultancy with roots in Eastern Europe Read More

Russia requires Yandex, Tinder to make user content available to law enforcement agencies

June 7, 2019

Update June 7 – According to media reports, Yandex and the authorities reached an agreement on how to apply the legislation as for providing law enforcement bodies with access to encrypted user content. Yandex, the Russian digital giant, received a request from Russian secret service, the FSB, to grant them access to encrypted user content …

Russia requires Yandex, Tinder to make user content available to law enforcement agencies Read More

Scroll to Top

This site is under maintenance. Sorry for the inconvenience.

This site is under maintenance. Sorry for the inconvenience.