Internet

KupiVIP e-commerce properties to merge under one single brand and portal

November 5, 2014 November 5, 2014

The e-commerce properties of the KupiVIP holding — which include, in particular, fashion flash sales sites Kupivip.ru and Kupiluxe.ru as well as e-store ShopTime.ru — will be merged into a unique portal under the KupiVIP brand, the company’s general manager Vladimir Kholyaznikov told the Russian business daily Kommersant. The move is intended to consolidate the …

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Online Payments Market Guide 2014: A complete overview of the global payment scene

November 5, 2014 November 5, 2014

ThePaypers, an international online publication on the payment industry, has just released its “Online Payments Market Guide 2014,” the fifth edition of the yearly guide that provides fascinating insights into the global e-payments and e-commerce ecosystems. This year’s edition provides a comprehensive overview of the global e-payments landscape. Alongside ongoing market trends, developments and case studies, voices from …

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Online logistics startups raises $150,000

October 31, 2014 October 31, 2014

Russian IT startup Gruzopoisk has received $150,000 investment from private investor Oleg Zakharchenko. The business angel’s investment has bought him a 10% stake in the project, which is valued at $1.5 million, as well as an active role in management of the company. He will be responsible for the product’s promotional strategy. Gruzopoisk is a …

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47% e-commerce growth reflects Eastern Europe’s enormous potential

October 30, 2014 October 30, 2014

With an average growth rate of 47% over the year 2013, the e-commerce market in Eastern Europe is comparatively showing the strongest increase in Europe. The projected online turnover of €23 billion for 2014 indicates that there is a lot of ground to gain in the region; only 34 million of 135 million Internet users are using the …

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Vkontakte still facilitates IP rights breaches, says US industry association

October 28, 2014 October 28, 2014

The Motion Picture Association of America (MPAA), which represent six major Hollywood studios, has informed the US Government about two dozen piracy-promoting websites it would like to be gone. Alongside with major torrent sites The Pirate Bay and Kickass.to, the list includes – as in previous years – Russia’s leading social network Vkontakte (VK), file-hosting service …

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Almaz Capital, Fastlane Ventures and e.Venture inject $2 million in CarPrice.ru

October 28, 2014 October 28, 2014

Last week online car sales and valuation service CarPrice.ru received $2 million in seed investment. The principal investors were Almaz Capital, Fastlane Ventures, e.ventures along with several other Russian and foreign funds. The company was founded very recently, in June of this year, by Edward Gurinovich, Oskar Hartmann, Alexander Danilov and Artem Bolshakov.

Cross-border sales to Russia: super mild tax regime maintained

October 28, 2014 October 28, 2014

In what looks as a final decision after a long period of discussions and unconfirmed announcements, Russia Economic Development Minister Alexey Ulyukaev announced yesterday a new threshold for customs taxation affecting cross-border sales to Russian online consumers. These will continue to enjoy tax-free shopping through foreign retailers, as long as their purchases do not exceed …

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Online Retail Russia 2014: Senior e-commerce management to meet in Skolkovo on Nov. 27-28

October 28, 2014 October 28, 2014

This year, the annual Online Retail Russia conference will be held on November 27-28 at the Skolkovo Business School. With its unique format and content, this forum is designed for networking and the exchange of information between key market players. The event will be a mix of informative presentations, business contacts and informal networking for …

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Hacking trail leads to Russia, experts say

October 28, 2014 October 28, 2014

Earlier this year, investigators for Silicon Valley security company FireEye Inc. visited a U.S. firm to determine who, and what, sneaked into the firm’s network harboring military secrets. There they found what they call a sophisticated cyberweapon, able to evade detection and hop between computers walled off from the Internet. The spy tool was programmed on Russian-language …

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IIDF supports online project to turn “angry citizens” into “satisfied citizens”

October 27, 2014 December 26, 2018

Earlier this month the IIDF (FRII in Russian, a major fund launched last year to support Russian Internet startups), announced an investment of 44 million rubles (approximately $1.1 million) in Intelligent Social Systems. This company develops IT projects for facilitating effective interaction between the public and state agencies and commercial organisations. Its first project was “Angry Citizen,” …

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KAYAK Russia GM Andrew Verbitsky: “Now we have 9 million keywords and nearly a thousand ad campaigns”

October 24, 2014 October 24, 2014

Online advertising in the Russian market offers strong opportunities for international competitors in a large number of industries. For example, digital advertising in Russia and specifically on Yandex, is proven to be more effective than advertising on the leading Russian TV channels. Below is an adaptation of the Yandex.Direct success story for the travel industry, which …

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Yandex announces Q3 2014 financial results

October 23, 2014 October 23, 2014

Amsterdam and Moscow – Yandex (Nasdaq:YNDX), one of Europe’s largest internet companies and the leading search provider in Russia, today announced its financial results for the third quarter ended September 30, 2014. “Q3 was another strong quarter notable for an acceleration in growth of our owned and operated properties and excellent cost control,” said Arkady Volozh, …

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