Internet

Microsoft to distribute $10 million among 100 Russian startups over 10 years

Microsoft is ready to invest some $10 million into 100 Russian startup companies over a 10-year period, the president of Microsoft Russia Nikolya Pryanishnikov told RBC, a Russian news agency yesterday. “Our experience is that investment into a single startup should total between $50,000 and $500,000 with an average of $100,000,” Pryanishnikov explained. According to …

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Russian firms Ashmanov and Finam to chase Google in Vietnam

Moscow based web consulting firm Ashmanov & partners, together with leading Russian financial group Finam and lesser known Kazakhstani real estate developer Kusto, are set to enter the Vietnamese web search market by October, Russian business daily Kommersant wrote on Monday, citing sources close to partners in the venture. The project could receive “several hundred …

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Sony products to be sold on Russia’s largest social network

Sintez-rus, a traditional and online retailer of Sony electronics products in Russia, has opened its first online retail outpost for Sony-branded products on Russia’s largest social network, Vkontakte.ru. The news was announced yesterday by e-commerce solutions provider Magazinga, which provided the software platform for the new outlet. Magazinga, launched last April, is a joint venture …

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Mail.ru Group stops accepting payments for online games through rival Yandex.Dengi

Starting from last week, the users of select online gaming services provided by Mail.ru Group, a leading Russian Internet player, are no longer able to replenish their accounts through the Yandex.Dengi payment system owned by Mail.ru Group’s local archrival Yandex. The group has reduced the number of services for which it will accept payment through …

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Efim Bushmanov: “Good products can’t stay proprietary for long”

Tucked away in Syktyvkar, the capital of the Komi Republic some 1,400 km northeast of Moscow, Russian programming researcher Efim Bushmanov is getting a lot of attention. Having reverse engineered Skype protocols and then made his research available to the public via his blog just a few days ago on June 2, search queries bearing …

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Skype reverse-engineered by Russian geek

30 year-old Efim Bushmanov from Syktyvkar, the capital of the Komi Republic some 1,400 km north-east of Moscow, a self described “free lance researcher,” claims he is on the way to completely reverse-engineer Skype’s proprietary protocol and encryption systems. “My aim is to make Skype open source and find friends who can spend many hours …

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Russia’s DST funds US alternative accommodations startup

DST, the top Russian Internet investment fund, will participate in a still-undisclosed round of financing in favor of alternative accommodations marketplace Airbnb, reports TechCrunch from unnamed sources. The round is being led by Andreessen Horowitz.

Rusnano opens ‘nanotechnology internet shop’

Russia’s state-own nanotechnology giant Rusnano launched an online catalog of nanotechnology based products last week. The site, solutions.rusnano.com, has been unofficially dubbed “the nanotechnologies internet shop” by the Russian media after an expression used in Rusnano’s own press release.

LiveJournal counts 5 million Russian-speaking users

LiveJournal.com, a global online community and blogging platform, registered its five millionth Russian-speaking user, according to an announcement made this Monday by SUP, the Russian media company that acquired the platform in 2007.

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