International

Yandex.Money adopts US personal finance management solution to “help people live smarter”

December 10, 2018

Yandex.Money’s 46 million users may now enjoy personalized analysis and advice to optimize their expenses and savings. The Russian e-payment company has integrated to its e-wallet mobile app a personalized financial management (PFM) service provided by American Moven Enterprise. This real-time application uses artificial intelligence to provide people with a “financial wellness” experience and “help …

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Odnoklassniki launches marketplace in Kazakhstan

December 8, 2018

Odnoklassniki (OK), a major Russian language social network owned by Mail.Ru Group, has launched a marketplace in Kazakhstan in a bid to challenge Chinese and US global e-commerce giants. The OK marketplace intends to make available no less than 30 million items, including fashion items, electronics goods, home appliances, cosmetics, car spare parts and other …

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New exit for Russian entrepreneurs in California: Adjust buys Acquired.io

December 6, 2018

Earlier this week Adjust, a mobile measurement and fraud prevention company operating globally from its Berlin headquarters, announced the acquisition of Acquired.io. Founded in San Francisco in 2016 by Russian entrepreneurs Andrey Kazakov and Max Gannutin, Acquired.io has developed a SaaS solution that simplifies and automates campaign management for mobile user acquisition, especially via social networks. In 2017, …

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Russian and Belarusian investors back AR technology developer Banuba

December 4, 2018

Larnabel Ventures, a company founded by Russian businessman Said Gutseriev, and VP Capital, a venture fund backed by Belarusian businessman Viktor Prokopenya, have teamed up to invest $7 million in Banuba. Born in Belarus but now registered in Hong Kong and operating internationally, this startup develops innovative AI technologies and AR apps. Users are provided with an experience …

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Twitter suspends account that ‘impersonated’ Putin, issuing tweets in English

December 2, 2018

Twitter has suspended an account that it said had been impersonating Russian President Vladimir Putin. The account tweeted in the English language and had attracted 1 million followers before it was shut down. Twitter said the page, using the handle @putinRF_eng, was a fraud that represented itself as an official government site. The social-networking service said …

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International AI conference to attract top scientists, corps, startups and investors in Moscow (Dec. 14-16)

December 19, 2018

On Dec. 14-16, Moscow will play host to A!One World, a three-day event dedicated to artificial intelligence and its applications in five industries: finance, retail, medicine, energy and agriculture. Topical sessions will also cover the automotive sector, creative industries, marketing and advertising, as well as AI practice and prospects in physics, space, geology and ecology …

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Ozon needs “more than $200 million” to remain in the running for e-commerce leadership

December 3, 2018

Ozon, one of the leading Russian e-commerce companies, intends to raise several hundreds of million USD in equity next year to support new investments in logistics and IT. As these plans were aired in the Russian media by the company’s general director Alexander Shulgin, an unnamed source told Kommersant that Ozon wants to raised “more …

Ozon needs “more than $200 million” to remain in the running for e-commerce leadership Read More

ITI Funds raises $5 million to make alternative and crypto assets more accessible to investors

November 28, 2018

Last week, ITI Funds announced that it attracted $5 million from two major investment firms, Moscow-based Da Vinci Capital and Paris-based Mantra Investment Partners, and unnamed private investors. Established in 2015 and registered in Guernesey, ITI Funds defines itself as “a modern buy-side intermediary, advisory and asset management” company. The firm has launched 10 funds, some of …

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US charges six Russians, two Kazakhs in online ad fraud scheme

December 3, 2018

US prosecutors have indicted eight people, most of them Russian, for an alleged online fraud involving fake advertising that caused companies to lose tens of millions of dollars, the Justice Department announced late on November 27. In one alleged scheme that began in 2015, two of the accused operated a fake advertising network that used …

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Google faces fine for refusing to censor search results in Russia

December 4, 2018

On November 26 Roskomnadzor, the Russian telecom and Internet regulator, announced administrative charges against 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 also refused to connect to the federal information system where these websites are listed. For violating …

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Skolkovo brings top Russian startups to Singapore

November 27, 2018

During the ASEAN-Russian summit held earlier this month in Singapore, Action Community for Entrepreneurship (ACE) signed a memorandum of understanding (MoU) with the Skolkovo Foundation and the Russian sovereign fund RDIF. A state-backed organization aiming to stimulate entrepreneurship and innovation in Singapore, ACE is thus becoming “a trusted partner for Skolkovo resident companies,” said Yury Saprykin, vice …

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