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 international players while a series of […]
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 with the most complete and accessible […]
Editor’s note: This post from East-West Digital News was syndicated with permission. Last month, the Russian B2C e-commerce marketplace Wikimart shut down, putting an end to a long agony. Launched in 2008 by Stanford graduates Maxim Faldin and Kamil Kurmakaev, Wikimart had the initial ambition to create a Russian analog of eBay. The project was […]
After two years of apathy, the Russian venture market showed signs of revival in 2016, reveals the latest edition of the annual Russian venture report (PDF):
Editor’s note: This post from East-West Digital News was syndicated with permission. Mail.ru Group, a major Russian Internet company, announced the acquisition of Moscow-based mobile game developer and publisher Pixonic. The LSE-listed group has acquired a 100% stake for $30 million in cash, including $20 million upfront and $10 million deferred and based on performance […]
Editor’s note: This post from East-West Digital News was syndicated with permission. Two funds managed by Da Vinci Capital Management have invested in Softline, a Moscow-based international software licensor and IT service provider. The news was reported last week by Russian business daily Kommersant based on exchanges with Softline top executives. The details of the […]
Editor’s note: This post from East-West Digital News was syndicated with permission. Russia, which lagged far behind most other European countries in terms of Internet penetration in the recent past (with a 37% penetration rate in 2010), has been catching up rapidly over the past few years. In late 2015, according to a GfK study, […]
