Leading Russian dating site “Mamba” has changed its international name to Wamba to expand into new markets. “In Russia we can only grow as fast as the market”, explained Executive Director Yaroslav Sergeev, “so we are targeting two new growth areas – mobile Internet and international expansion.”
Google has cancelled its contract with Doctor Mobile, the developer of the mobile applications for the Quickoffice service. Google acquired Quickoffice, which is headquartered in Dallas, Texas, in June last year for an undisclosed sum. Now, less than a year later, Google is shutting down two of its offices, namely in Saint Petersburg (Russia) and Kharkiv (Ukraine), where more than …
Google shuts down Quickoffice R&D offices in Russia and Ukraine Read More
After many years spent unsuccessfully challenging local search giant Yandex for the Russian market, Google appears to have re-thought its strategy – though still not always finding common ground with Russian authorities. In an interview with news agency RIA Novosti earlier this week, Google Russia CEO Yuliya Solovyova stated that the corporation considers Russia a …
Yandex’s new startup accelerator, Tolstoy Summer Camp, opens for young entrepreneurs and internet specialists who would like to learn how to start their own startup. The program will bring together young web developers, UI designers and project managers with an idea, but without resources to implement it and present it to investors. We also welcome …
Yandex announces its summer school for startups – Tolstoy Summer Camp Read More
Joining the ranks of leading international e-commerce companies like Amazon, Kayak, Airbnb and eBay either announcing plans or opening a localized Russian offering, UK-based ASOS has officially launched the Russian version of its site. The ASOS Russia country site is the latest edition to the company’s country-specific sites, joining the United States, France, Germany, Italy, Spain and Australia. Importantly, …
Russian game publisher Game Insight has been in the news over the last year for having opened an office in San Francisco, reached sales of $90 million and made the Forbes’ list of top 30 most successful Russian web companies. The company develops free apps for iOs, Android, Facebook and VKontakte. In this interview with Russia …
Belorussia’s Wargaming.net, famous for its massive multiplayer online (MMO) game World of Tanks, has posted $287 million in revenue during 2012, the Russian business daily Vedomosti reported on Tuesday. The company’s net income reached about $8 million. World of Tanks is a free-to-play MMO game, where users control different tanks and can pay a fee …
Belorussian publisher of ‘World of Tanks’ posted $287 million revenue in 2012 Read More
Digital Sky Technologies (DST Global), the global investment fund led by Yuri Milner, appears to be a major investor in German startup incubator Rocket Internet. According to the incubator’s slide deck, found by The Manager magazine, DST has already pumped $315 million into the project. This makes DST the second biggest investor in the incubator …
Report: DST invested $315 million in German startup incubator Rocket Internet Read More
The Russian market for online airline ticket sales has grown to a whopping $3 billion, according to the general manager of online travel agency Biletix.ru, Alexander Sizintsev. This distribution channel currently accounts for 15 to 20% of all the plane tickets sold in the country, RIA Novosti reported last week. About 40% of the plane …
Online plane ticket sales in Russia have reached $3 billion per year Read More
SocialMart, a two-year-old Russian product recommendation service for social networks, raised an as yet unspecified amount of investment in late April from Moscow Seed Fund, Moscow City’s venture arm, and Igor Ryabenkiy, a serial Russian angel investor. Ryabenkiy already backed the Moscow-based startup last fall in SocialMart’s seed round. That investment helped the company further …
Moscow Seed Fund and Igor Ryabenkiy invest in social shopping advisor Read More
Amsterdam – TomTom has made its world-class traffic information, TomTom Traffic, available in Russia. For the first time, navigation application providers, automotive partners and government departments will be able to pinpoint the precise location of traffic congestion and minimize delays by re-routing traffic to avoid congested areas. The results of TomTom’s Annual Congestion Index, released in …
According to the Mail.ru Group, Russian-speaking Internet users across the CIS (excluding Ukraine) spent a whopping 40.8 billion roubles ($1.3 billion) on online games. The amount factors in purchasing game time/subscription to games and acquiring artifacts, levels, etc. The figure has propelled the market to a position ahead of the film industry, which had total box …
