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Editor’s note: This article from East-West Digital News penned by Adrien Henni was syndicated with permission. Tech investment volumes Russia and its Eastern European neighbors were modest last year, if compared with the Chinese, US or Western European markets. However, the year was marked by giant corporate deals involving
Editor’s note: This post from East-West Digital News was syndicated with permission. The Federal Antimonopoly Service of the Russian Federation has approved the Yandex-Uber plan to merge their respective taxi service activity in the country. To ensure fair competition, the antimonopoly authority has requested the companies to “provide users
Russian internet firm Yandex and Sberbank have announced plans to build a new ecommerce ecosystem on the Yandex.Market platform with Sberbank investing 30 billion rubles ($500 million) into the shopping site. The non-binding deal, which will likely close by the end of 2017, will value the platform at 60
Russian search and Internet services giant Yandex this morning announced its financial results for the second quarter of the year, reporting a 14% rise in revenue but a massive 82% drop in net profit compared to the same period last year. Yandex has sales of just south of 14
It’s on between Google and Yandex over in Russia. The local search engine provider has asked Russia’s antitrust authorities to formally investigate Google over the bundling of its services with the Android OS.
Russian Internet services giant Yandex (yes, yes, the ‘Google of Russia’ if you insist) has announced its earnings for the second quarter of the year, and the numbers are solid. One of Europe’s leading Internet companies, Yandex’s revenue was up 32% compared to Q2 2013, totalling $361.5 million for
According to Russian media, tomorrow will see the launch of a state-run search engine called Sputnik by telco giant Rostelekom, after several years of development. It will rival Yandex and Google.