International

Huawei Pay launches in Russia, second country after China

December 27, 2018

After similar moves by Apple, Samsung  and Google in 2016-17 and WeChat just weeks ago, Huawei announced last week the launch of its contactless payment service in Russia. Huawei Pay defines itself as “a mobile payment and digital wallet service that digitizes and can replace a credit or debit card” at contactless-capable payment terminals. The service is accessible only via …

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Corel acquires leading cross-platform solution publisher Parallels

December 25, 2018

Parallels, a global leader in cross-platform solutions founded in 2000, has been acquired by the Canadian software giant Corel. As a result, “Corel now offers the complete Parallels product line as part of its industry-leading software portfolio,” according to a corporate statement published Dec. 20. Parallels’ products – including its popular software for running Windows on Mac …

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Waves raises $120 million to integrate blockchain into corporate and government digital infrastructure

December 24, 2018

Waves, a Blockchain solutions developer founded by a Russian team and incorporated in Switzerland, has secured $120 million to develop its project Vostok. Designed for large enterprises and public institutions, this private blockchain platform “lies at the intersection of several disruptive technologies, including blockchain, Big Data, artificial intelligence and the industrial Internet-of-Things,” according to Waves founder Alexander (Sasha) Ivanov. …

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Yandex and Sberbank launch two marketplaces, aim for e-commerce leadership

October 9, 2019

As the Russian e-commerce market is entering a new growth and concentration cycle, the joint venture formed by Yandex and Sberbank, launched two online marketplaces over the past few weeks. One of them, dubbed ‘Beru’ (“I’ll take it”), became fully operational in early November, after five months of beta testing. The platform features “over 1,000 retailers and …

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Selling brains: US tech giants buy teams, not startups, from Russia and Eastern Europe

December 18, 2018

Startups from Russia and other countries in the former Soviet Union offer extraordinary tech solutions, but international tech giants prefer buying their “brains” rather than their products or businesses. A part of this trend is the recent deal between Snap and Teleport, a Russian-Ukrainian startup that changes hair color. As reported by East-West Digital News, …

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PwC partners with BitFury to create blockchain accelerator in Russia

December 14, 2018

Big four consulting firm PricewaterhouseCoopers (PwC) has partnered with mining and blockchain software company Bitfury Group to create a blockchain accelerator for businesses in Russia, according to a PwC press release today, Dec. 13. The release explains that PwC has already used Exonum — Bitfury’s open source framework for building blockchain applications — for educational …

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Snapchat reportedly buys Teleport’s technology, woos its best developers

December 14, 2018

Note: This story has been updated following new elements brought by one of Teleport’s founders Snapchat has hired some of the best developers of Teleport, a startup launched by tech entrepreneurs from Ukraine, Estonia and Russia. The US company is also said to have acquired the processing image technology developed by this company, which claims it …

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Indian and Russian players see “huge potential” in high-tech cooperation

December 13, 2018

Russian-Indian economic cooperation may be best known for major military hardware deals, but the future lies in the exchange of hi-tech innovations, speakers resolved at the India-Russia Startup Summit held at the Skolkovo Technopark on Tuesday. Both Indian and Russian tech entrepreneurs attended the day-long event, together with representatives of business and development institutes in …

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Huobi opens Russian office in partnership with state bank

December 14, 2018

Last week Singapore-based cryptocurrency exchange Huobi officially launched its first branch in Russia. The new exchange, dubbed Huobi Russia, is established in partnership with the state-owned Vnesheconombank (VEB) Digital Transformation Center and supported by Huobi’s regional exchange partnership program, Huobi Cloud. The Center of Digital Transformation was created by VEB to promote blockchain. Back in September …

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US company’s indirect ties with Vekselberg raise fears over US military sensitive data

December 18, 2018

In a new illustration of the anti-Russian suspicion climate in the US, the indirect links of Amazon Web Services (AWS) with Viktor Vekselberg are raising questions while the company is bidding for Jedi, a highly sensitive and controversial Pentagon contract. The Russian billionaire, president of Skolkovo Foundation, has been sanctioned for his closes ties to the …

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Google fined in Russia for refusing to censor search results

December 13, 2018

Roskomnadzor, the Russian telecom and Internet regulator, has fined Google for failing to comply with a law that requires online search engines to purge any hyperlinks to materials that are banned in Russia. Google has refused to connect to Federal State Information System (FGIS) where these websites are listed. The fine amounts to 500,000 rubles ($7,537 at today’s …

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