Internet

Amazon in Russia: Selling e-books or building e-commerce business?

April 19, 2013

The Russian edition of Forbes revealed this morning – referring to “several sources on the publishing market” – that Amazon has opened a representative office in Moscow. Arkady Vitrouk, who was previously director of Kindle content for Russia, is reported to head the US giant’s operations in the country. While these moves have not been been confirmed officially, it remains …

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Internet Society’s Russia Chapter opened to promote free and useful Internet

November 19, 2014

The Internet Society (ISOC), a US-based non-profit organization that promotes Internet-related standards, education and policy, has opened its Russia Chapter to guide experts in the development and implementation of problem-solving strategies for the Russian Internet. In an interview with the news agency RIA Novosti, Sergei Sharikov, the CEO of Webnames.ru, a Russian domain name registry …

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Russian crowdfunding longs for legislation and trust

October 3, 2016

Around 58 percent of Americans with annual incomes of $25,000 or more are prepared to invest in early-stage startups, according to a U.S. crowdfunding industry study by EarlyIQ, Crowdfund Professional Association, and Crowdfund Capital Advisors. They are prepared to support two or three startups annually, by investing around $2,000 in each. Americans making in excess of $75,000 a …

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Condé Nast’s 4th Digital Day: A “Window to the Future” in Moscow

April 18, 2013

For the fourth year in a row, Condé Nast Digital Day brings together over 500 leading marketing and communications professionals from the luxury industry. This year’s conference, which was held last week in Moscow, offered a special focus on e-commerce: how to build your sales online, how different is the online customer and its buying behaviour, …

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Facebook’s Codorniou: Russia’s mobile game advance “is virtually a tsunami”

November 19, 2014

Facebook has augmented its base of mobile game developers by a hearty 17 times over the past six months, and the social network spends “more time with app developers in Russia than in any other country,” said Julien Codorniou, the head of partnerships at Facebook EMEA (Emerging Markets in Europe and Asia). In an exchange …

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Drama at Vkontakte: UCP claims 48% stake, CEO is involved in police investigation

April 17, 2013

United Capital Partners (UCP), a major Russian fund operating in various industries, claims to have acquired a 48% stake in the country’s leading social network Vkontakte.ru, also known as VK.com. The transaction has been put at doubt, however, by the site’s co-founder and CEO Pavel Durov. “According to the company’s charter, existing shareholders have preferential acquisition rights, and we …

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Yandex equals Russia’s first TV channel in advertising revenues

September 13, 2016

Illustrating the trend of moving online in the Russian advertising market, search engine giant Yandex saw its advertising revenues equal those of First Channel (“Pervyi Telekanal”), the country’s leading TV channel, for the first time last year. According to First Channel’s annual financial results released earlier this week, the TV channel generated 28.2 billion rubles …

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Online retailer Holodilnik.ru trades equity for ads

April 17, 2013

Holodilnik.ru, Russia’s leading online retailer of household appliances, has offered a minority stake to Media Capital in exchange for a large-scale advertising campaign. This is the first known media-for-equity deal on the Russian Internet market. The transaction’s terms have not been disclosed, but a source close to the deal told leading Russian business daily Kommersant …

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Conference on luxury’s digital revolution: from eBay inspiration to 3D novelties

April 17, 2013

Earlier this month La Conférence Luxe & Digital gathered almost two hundred industry representatives, experts and journalists from Russia, France and the United States to share their experience and views on today’s digital trends in the luxury and fashion industry. Previously staged in Paris since 2010 and Moscow last year, the event was coordinated this …

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Enter.ru CEO Sergey Rumyantsev: “Our 38,000 items are equally accessible via offline stores, virtual interfaces, catalogs, and call center.”

April 16, 2013

Dismissing the widespread cliché of Russians only being capable of cloning existing Western business models, Enter.ru is a hybrid offline/online retailer with no known equivalent in the world. Launched in early 2011, the company recorded 3.1 billion ruble in turnover the next year (approximately $100 million, including VAT), quickly asserting itself as a major player …

Enter.ru CEO Sergey Rumyantsev: “Our 38,000 items are equally accessible via offline stores, virtual interfaces, catalogs, and call center.” Read More

Rumors dispelled: Richard Branson’s mobile business still alive in Russia – and “expanding aggressively”

April 15, 2013

In an exchange with East-West Digital News, a top official of Virgin Connect has denied the rumors circulating in the Russian press that Virgin is shutting down its mobile projects in Russia. Virgin’s founder and chairman Richard Branson was reported to be “definitely upset with Russia” and his local company had supposedly dropped plans to …

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Mail.ru asserts leadership among Russian webmail services, but still has limited traction beyond Russia

April 15, 2013

Among several other recent enhancements, Mail.ru announced last week that its webmail service now supports the Internet Message Access Protocol. Commonly known as IMAP, this protocol now allows Mail.ru users who have email accounts with other services – including Gmail, Yahoo, AOL and the webmail services of Yandex and Rambler – to send and receive …

Mail.ru asserts leadership among Russian webmail services, but still has limited traction beyond Russia Read More

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