Internet

Russian e-commerce leader Ulmart reports 50% sales increase in 2014, plans IPO in 2016

March 1, 2016

Ulmart, Russia’s leading e-commerce company, confirmed today its plan to go public next year in a yet-to-be-determined Western stock exchange, the company’s chairman and co-owner Dmitry Kostygin told Russian business daily RBC. Ulmart is thus considering raising $1 billion or more in exchange for 25% of the company’s shares. Advisers for the IPO could be …

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Russia’s media watchdog slaps site with warning over religious cartoon

March 1, 2016

Russia’s media watchdog has issued a warning to an online news site for publishing a religiously themed caricature that lampooned “one of the faiths,” despite an appeal to avoid such cartoons in the wake of the Charlie Hebdo attack. In line with Russia’s law on extremism, the caricature published by the Respublika news site was seen “to incite various sorts of enmity,” a spokesman for the Roskomnadzor media watchdog, Vadim Ampelonsky, …

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Supply Chain & Fulfilment 2015 Congress: Join Tesco, John Lewis, Travis Perkins, ShopDirect.com to discuss solutions

March 1, 2016

With e-commerce sales in Europe estimated at over £130 billion in 2014, one of the biggest challenges this fast growing sector is facing is how to adapt their e-commerce and omni-channel supply chain and fulfilment operations to meet rapidly changing customer delivery expectations. To help with this, leading retailers including Tesco Group, John Lewis, Travis …

Supply Chain & Fulfilment 2015 Congress: Join Tesco, John Lewis, Travis Perkins, ShopDirect.com to discuss solutions Read More

Sergey Podkin of Boxberry on cross-border sales: “The volume of deliveries is falling, but this will not lead our market to catastrophe”

March 1, 2016

Over the past few years Boxberry, a relatively new player on the Russian e-commerce shipment market, has been developing a competitive offer for deliveries and customs clearance from the USA and Europe to Russia. The company specializes in express cargo – sending packages worth up to 1,000 euros and weighing up to 31 kg. Part of …

Sergey Podkin of Boxberry on cross-border sales: “The volume of deliveries is falling, but this will not lead our market to catastrophe” Read More

Rostelecom to acquire major data center and Internet infrastructure company

March 1, 2016

Rostelecom, Russia’s national telecom operator, announced yesterday the acquisition of a majority stake in SafeData (LLC Data Storage Centre), a leading operator of commercial data centers, traffic exchange services and content delivery. In a first stage, Rostelecom will acquire a 5.4% stake in LLC Data Storage Centre for 104.2 million rubles (approximately $1.6 million at …

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Yandex School of Data Analysis joins CERN experiment

March 1, 2016

Earlier this week Yandex, the Russian search giant, announced that its School of Data Analysis (YSDA) will take part in CERN’s Large Hadron Collider beauty (LHCb) experiment. The project, which is one of four large particle detector experiments at the Large Hadron Collider, collects data to study the interactions of heavy particles, called b-hadrons. As a …

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CTC Media acquires online video content provider CarambaTV

March 1, 2016

CTC Media, a major Russian media company, yesterday announced the acquisition of a majority stake in CarambaTV, a producer of digital and transmedia content. CTC Media acquired a 51% stake for 148 million rubles (approximately $2.2 million at the current exchange rate). The transaction included the Carambatv.ru and +100500 websites, which together attract over 2 million unique visitors each …

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Russian Internet users’ most popular topics in 2014 according to Yandex, Vkontakte and Google

March 1, 2016

In the middle of December, Russian internet search engine Yandex published a study that analyzed users’ queries to learn which people, events and phenomena stirred their interest the most in 2014. The Winter Olympics in Sochi came in first, followed by the events in Ukraine and Crimea, the Ebola epidemic, the change to wintertime (this fall Russia switched …

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Personal data storage on Russian servers will be mandatory starting from September 2015

February 27, 2017

Last week, the lower house of the Russian parliament adopted amendments making personal data storage on domestic servers mandatory as early as September 2015 – instead of September 2016 as previously foreseen by legislation adopted this past summer. In October, Russian lawmakers had considered an even earlier deadline (January 1, 2015). However, the period allowed for compliance …

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Mail.Ru Group, QIWI, Yandex stocks plummet as only Luxoft stands tall on Western exchanges

March 1, 2016

Several key Russian tech companies are listed on Western stock exchanges. Among them are software development and service company Luxoft (NASDAQ: LXFT); Mail.ru Group (LSE: MAIL), the owner of Russia’s leading social network Vkontakte and of a range of other Internet properties; mobile operator MegaFon (LSE: MFON); payment operator QIWI (NASDAQ: QIWI); and Yandex (NASDAQ: …

Mail.Ru Group, QIWI, Yandex stocks plummet as only Luxoft stands tall on Western exchanges Read More

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