Fast Lane Ventures, a Western business incubator operating in Moscow, announced earlier this week the launch of Domgeo.ru, an online database of real estate available for purchase or rent. Domgeo’s properties come from as many as 50 agents and developers who have agreed to list their properties on the site on a pay-per-inclusion basis, the …
Fastlane Ventures launches ambitious real estate listings site Read More
Top Russian e-commerce player Ozon.ru will begin delivering its parcels directly to clients in Kazakhstan, the company confirmed to East-West Digital News. The new service will start in November 2011. Ozon.ru is setting up pick up points in Astana, the capital, and Alma-Ata, the country’s largest city and will also offer its own local delivery …
On Thursday, October 1, a group of anonymous Russian citizens launched Rusleaks, a web site providing open access to a significant volume of personal and corporate data from a variety sources, including highly confidential ones such as the databases of Russian tax service and law enforcement agencies. The site was no more accessible today after …
Russian authorities block huge new personal data leak Read More
Yandex announced on Friday it has invested in US search engine company Blekko.com. The Russian search giant invested $15 million out of a total of $30 million attracted in the round in exchange for an approximate 10% stake in the company, Yandex reported to East-West Digital News.
The share price of Russian search giant Yandex, introduced on NASDAQ in May, hit a historic low yesterday at $21.17 before closing at $22.6 – well below the company’s IPO offer price of $25 and almost two times below the peak level, $42.01, reached shortly after the stock was listed. Investor defiance peaked on Wednesday …
Painful week for Yandex on NASDAQ after market share drops and patch up work goes wrong Read More
Russian programmer and businessman Valery Gasratov launched social gifting application Giftofoni last week, allowing Turkish speaking Facebook users to order gifts and organize parties. The application is derived from Welcome Gifts, Zhelannye Podarki in Russian, an application launched last year by Gasratov’s team on Odnoklassniki.ru, a leading Russian social networking site. Welcome Gifts was used by 12 …
Ambitious Russian social gifting app launched on Turkish version of Facebook Read More
M.Video, a leading Russian consumer electronics retailer, announced last week its intention to switch from physical to digital distribution of its range of software, music and movies. The company believes that it makes less commercial sense to sell software, music and movies ‘in boxes’, when it is easier for consumers to simply download them.
The Russian state owned fund of funds Russian Venture Company (RVC) announced last week it had participated indirectly in a $40 million round of financing for One Kings Lane, a leading US flash sales site on the home furnishings market. The investment was made through Institutional Venture Partners XIII (IVP), a prominent later stage venture …
Russian Venture Company invests in US home decor site One Kings Lane Read More
DST Global, the top Russian international investor in Internet assets, and Silver Lake, a global leader in private investments in technology, announced last week their commitment to invest in Alibaba Group, a premier Chinese technology company. This is the second investment from DST this year in Chinese e-commerce. In March, the fund took part in the third …
DST and Silver Lake invest over $1.6 billion in Alibaba Group Read More
Rostelecom and Intel signed a memorandum of understanding last week for the joint design and production of end user broadband Internet connection devices. Based on Intel technology, the devices will be commercialized in Russia under the Rostelecom’s brand.
Russia’s Mail.ru Group, which leads the Russian-speaking Internet in terms of traffic, plans to double the number of developers working on its own Internet search mechanism, Russian business daily RBС reported on Tuesday, based on information provided by Mail.ru Group. Mail.ru plans to increase its share of the Russian Internet search market in the future, …
Mail.ru doubles investments in its own search engine Read More
Mail.ru Group co-founder Yuri Milner intends to sell a portion of his shares in the LSE listed group for $60.7 million, Bloomberg reported yesterday. While the shares are currently offered on the stock exchange at $34 to $35.25 apiece, the valuation of Milner’s share offer is based on the September 19 close of $35.72 per …
Milner seeks to sell Mail.ru Group shares for $60.7 million Read More
