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Proposed EU ‘Data Governance Act’ will make data exchanges with Russia even more difficult, warn experts

December 2, 2020

As part of the European strategy for data, the European Commission proposes a set of measures to “foster the availability of data.” A part of them, published on November 25, focus on “increasing trust in data intermediaries and strengthening data-sharing mechanisms across the EU.”  These measures are aligned with the consumer protection requirements under the General Data Protection Regulation (GDPR) …

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Amid strong investor demand, Ozon hopes to raise up to $1 billion in US IPO

November 18, 2020

Ozon, the leading multi-category e-commerce platform in Russia, filed today an amended version of the SEC registration statement for its NASDAQ IPO. The company will go public at a valuation of $4.6 billion to $5.6 billion, Financial Times reports from unnamed sources “familiar with the plans.” This is is more twice as high as the underwriters’ initial highest estimates, …

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Ozon files for NASDAQ IPO, aims to raise $500 million

November 6, 2020

Ozon, Russia’s leading multi-category e-commerce company, announced yesterday it has filed for an initial public offering (IPO) in the United States (see prospectus), one month after starting the registration procedure. The company intends to list its American depositary shares (ADS) on the NASDAQ. No pricing terms were disclosed, but Reuters reported that Ozon “could raise at least …

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Mail.ru Group sells mapping and navigation service Maps.me as “non-core asset”

November 2, 2020

Mail.ru Group, the LSE-listed Russian Internet giant, has just announced the completion of the sale MAPS.ME to Daegu Limited, a part of Parity.com Group. All company shares have been transferred for 1.56 billion (some $20 million at today’s exchange rate).  Mail.Ru presents the move as part of its “strategy to focus on development of core assets where …

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Mail.Ru buying spree: My.Games invests in 3 game studios in 3 weeks

October 12, 2020

My.Games Venture Capital (MGVC), an investment firm affiliated to LSE-listed Mail.ru Group, has just acquired a majority stake in Russian game publisher Deus Craft, reports Rusbase. MGVC intends to put up to $49.1 million to acquire 51.16% of the company, including an immediate payment of $14.1 million and potential additional payments totalling $35 million, depending on the …

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Russian digital majors Ozon and ivi.ru plot US IPOs

October 5, 2020

Ozon, Russia’s leading multi-category e-commerce company, aims to go public later this year or in early 2021, the company announced Friday, and has started the registration procedure for an initial public offering (IPO) with the US Securities and Exchange Commission (SEC). The company did not provide any details on the potential placement but, according to …

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Russian e-commerce major Ozon posts record turnover growth as pandemic fuelled online shopping in Q2 2020

September 14, 2020

Last week Russia’s leading multi-category e-commerce platform, Ozon Group, announced its turnover rose to a record in the second quarter, as the global pandemic spurred more people to shop online. Turnover, or gross merchandise value (GMV), surged 188% year on year to 45.8 billion rubles ($611 million) in Q2 2020, Ozon said in a statement. In …

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Russian entrepreneur brings social distancing to bus transportation

November 12, 2020

With COVID-19 wreaking havoc with transportation worldwide, a Russian entrepreneur, Denis Sverdlov, has proposed innovative, and eco-friendly, solutions for our transit crisis. Sverdlov is the founder of the British-based company Arrival. Already the talk of the town in the electric-vehicle business, the firm has designed public transport buses, that not only promise to lower our …

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Russian-founded Intento secures $3 million in Silicon Valley to scale up AI content processing solution

July 13, 2020

Intento, a startup with Russian roots, has secured a $3 million seed round, reports CrunchBase. Konstantin Savenkov, CEO, started the Berkeley, California-based company in 2016 with Grigory Sapunov, a deep learning and artificial intelligence expert who had worked five years at Yandex. Initially, as reported by East-West Digital News, Intento positioned its solution as a new way to …

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Deepfake video of Elon Musk singing Soviet space song appears after successful ‘SpaceX’ launch

June 5, 2020

With the successful launch of the Crew Dragon capsule, Elon Musk’s space travel company SpaceX sent its first astronauts to the International Space Station on May 30. To celebrate the occasion, Russian Internet users released a clever deepfake video of Musk singing “Grass at Home,” a famous song by the Soviet rock band “Zemlyane” (“Earthlings”). Russia’s state space corporation, Roscosmos, …

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Tinkoff’s sophisticated online tools track business activity in Russia during the pandemic

May 29, 2020

Last week  Russian digital banking major Tinkoff released a sophisticated online tool, the ‘Tinkoff CoronaIndex,’ which aims to track the country’s economic activity during the pandemic.  The index relies on data from more than 11 million users of the Tinkoff ecosystem, including retail banking customers, some 550,000 businesses, and more than 60,000 customers acquiring services.  The beta version of Tinkoff CoronaIndex is …

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Virtual anti-lockdown protests mount in several Russian cities

April 21, 2020

Residents of Rostov-on-Don held a virtual rally against self-isolation restrictions on April 20, using the “Conversations” tool on the mobile apps Yandex.Maps and Yandex.Navigator. During the virtual rally, locals dropped pins near the regional government building and wrote messages about the impact of self-isolation orders, ranging from lost jobs to ineligibility for social assistance. In general, participants demanded one of …

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