International

LinkedIn fails to agree with telecom regulator on restoring service in Russia

March 8, 2017

LinkedIn Corp. and the Russian authorities have failed to reach an agreement to restore access to the international social network from this country, Reuters has reported, refering to statements made yesterday by the company and the telecom regulator Roskomnadzor. “While we believe we comply with all applicable laws, and despite conversations with Roskomnadzor, including meeting with them in Moscow …

LinkedIn fails to agree with telecom regulator on restoring service in Russia Read More

Iurii Popolitov of Shiptor: “The Russian market is not reserved for Chinese players: Western sites have all their chances, too”

March 8, 2017

International players are eyeing the Russian e-commerce market, which reached some $26 billion last year (including $16 billion for physical goods), according to EWDN’s latest industry reports. In spite of the economic crisis in Russia and the ruble’s depreciation, Russia is still a land of opportunities for foreign players — Chinese and Western ones alike, — …

Iurii Popolitov of Shiptor: “The Russian market is not reserved for Chinese players: Western sites have all their chances, too” Read More

Intel’s acquisition of Soft Machines confirmed; Russian state-backed funds exited with profit

March 3, 2017

Intel has acquired Soft Machines, a Santa Clara-based chip designer operating in the USA, India and Russia. The US corporation bought the stakes of the existing investors, which included two Russian state-owned corporations, the fund of funds RVC and nanotech giant Rusnano, along with AMD, Samsung and other companies. Revealed by the media in September last year, the deal …

Intel’s acquisition of Soft Machines confirmed; Russian state-backed funds exited with profit Read More

From Moscow to Berlin, Tel Aviv and New York: How a $300-million Russian venture fund is going global

March 1, 2017

Illustrating the internationalization of Russian venture activity, Target Global now operates from three offices located in Berlin, Moscow and Tel Aviv. Initially known as Target Ventures, the fund was launched in 2013 to invest in a variety of segments in the digital consumer space. It has got $300 million under management from its backers, who are …

From Moscow to Berlin, Tel Aviv and New York: How a $300-million Russian venture fund is going global Read More

Russian e-commerce market tops $26 billion as international players seize opportunities amid crisis

March 1, 2017

Russia’s e-commerce market continued to grow at double-digit rates last year even as offline retail was severely affected by the economic crisis. According to the new edition of EWDN’s Russian E-Commerce Report, which cites data from Russian agency Data Insight, online sales in 2016 exceeded $26 billion, growing more than 20% year-on-year. Included in this figure are some …

Russian e-commerce market tops $26 billion as international players seize opportunities amid crisis Read More

China: The architect of Putin’s firewall

March 15, 2017

The Kremlin is turning to China for technology to filter Russian cyberspace. Beijing is all too willing to lend a hand. In the early morning of 27 April 2016, a group of Chinese officials in business suits headed towards a huge concrete building on Moscow’s Zubovsky Boulevard: the headquarters of Russia Today, Russia’s main propaganda …

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Panasonic to launch pilot hi-tech agricultural project at Skolkovo

November 11, 2020

Japan’s Panasonic Corporation may be primarily associated in the public mind with consumer electronics, but in some parts of the world, it is selling a very different kind of product: vegetables. The company already has automated factories in Japan and Singapore where lettuce and other vegetables are grown indoors in controlled and optimised conditions. Now …

Panasonic to launch pilot hi-tech agricultural project at Skolkovo Read More

Mars launches online sales of premium chocolate sweets in Russia

August 23, 2017

Mars Inc. has launched an online store of handmade chocolate sweets in Russia. The sweets are sold under the popular Russian brand ‘A. Korkunov,’ which Mars Inc. acquired in 2008 as a part of Wm. Wrigley Jr. Company. This brand accounted for 2.6% of the Russian chocolate retail market in 2016, with sales amounting to 12.65 …

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Mastercard teams up with Russian banks to launch fintech accelerator; Société Générale announces Moscow hackathon

February 22, 2017

Fintech Lab, a Russian platform that aims to unite fintech players and startups, is launching its first acceleration program in Moscow. The project has been initiated by major Russian and foreign banks such as AK BARS Bank, VTB24, Bank Saint Petersburg and Home Credit Bank in partnership with Mastercard. Accenture, which helped to launch fintech accelerators …

Mastercard teams up with Russian banks to launch fintech accelerator; Société Générale announces Moscow hackathon Read More

Leonid Zondberg of DPD Russia: “Only large courier service providers can address the needs of giant e-commerce players”

April 28, 2017

This year DPD is celebrating its 25th anniversary in Russia. The company started its operations by transporting large-size equipment for the oil sector. In 1998, the Swedish post acquired a share in the company. In 2004, GeoPost – an international holding which is part of Groupe La Poste – acquired it. The company started serving …

Leonid Zondberg of DPD Russia: “Only large courier service providers can address the needs of giant e-commerce players” Read More

High tech lender ID Finance secures $50 million to expand across Latin America

February 21, 2017

ID Finance, a Barcelona-headquartered company with Russian roots, has just secured $50 million in debt funding to fuel its expansion across Latin America. The funding includes $15 million from TKB, a Russian bank which is supported by the EBRD and the IFC, among other backers. After several years of operations in Russian-speaking countries, Spain and Poland, ID Finance launched its online …

High tech lender ID Finance secures $50 million to expand across Latin America Read More

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