Internet

Compensation review: Salaries of Internet project directors

Summary of survey results: An Internet project director is responsible for dealing with the complex task of building, supporting, promoting and developing a project on the World Wide Web. This includes development strategy, originating the concept and structure of the project”s website, creating content, search optimization, web site promotion, and traffic analysis.

Contextual ad market increased 44%; Ad network Begun reaches 26.6 million users

Begun announced that it was the most highly trafficked advertising network on the Russian Internet, based on figures provided by TNS Russia. Begun’s audience – 26.6 million unique users in January 2011 – is close to those of Yandex and Mail.ru, the two most visited Russian-language sites.

Mail.ru Group revenues up 64% in 2010

In 2010 the performance of Mail.ru Group, an LSE-listed Russian internet group, was remarkable in many respects, according to the financial results it released yesterday. The group’s aggregate revenues grew to $324 million, a 64% increase from 2009 – or 58% excluding the impact of the ICQ acquisition completed in July 2010. Its net income …

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Yandex.Dengi connected to Russian national savings bank

Yandex.Dengi, a leading Russian electronic currency system, has announced the launch of cooperation with Sberbank, Russia’s national savings bank. Starting February 21, Yandex.Dengi accounts can be refilled at any Sberbank ATM located in Moscow and the Moscow region. The service will be available throughout Russia by the end of the year. Yandex.Dengi account holders will …

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Sports.ru to be acquired by Ukrainian holding

Ukrainian fund United Media Holding (UMH), owner of a variety of media companies  in Ukraine, Russia, Kazakhstan and Belarus, is in the process of acquiring a controlling stake in Sports.ru, reports RBC Daily, a Russian business daily, from unnamed sources.

DST to lead Spotify round of financing

European online music service Spotify, which offers streaming audio tracks on demand, is currently closing a round of financing of $100 million or more, reports TechCrunch from unnamed sources. DST is said to be leading the deal, which would value Spotify at around $1 billion.

Yandex may go on NASDAQ summer 2011

Russian search engine Yandex may go public on NASDAQ in June or July 2011, trading shares amounting to $1 billion, reported Bloomberg and Russian business daily Vedomosti. According to unnamed sources, the IPO would be managed by Deutsche Bank and Morgan Stanley.

The coming age of Russian innovation: tech culture takes root in the regions

In today’s Russia, there’s a growing critical mass of different individual catalysts that are themselves initiating new innovation-stimulating projects. Many of these are emanating from Moscow out to the regions. Look at the project GreenField, look at StartUp Point or Start in Garage. There’s a lot of new types of people that are emerging, who …

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