Earlier this month, Booking.com announced that it will comply with Russia’s new law on personal data storage. The global online travel operator will soon transfer all data from the country’s users to a local data center, Russian business daily Kommersant reported. The announcement came after a meeting between Steffen Mueller, Booking.com’s senior manager of infrastructure and […]

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Disconfirming the widespread view that the Russian e-commerce market has lost its appeal to venture investors, luxury fashion retailer Aizel.ru received a capital injection of €2.5 million earlier this year, the first tranche of an investment of up to €25 million over three years. The deal remained undisclosed until late May, when news of it […]

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Last month Darta Systems, a Russian-Canadian biomedical startup, launched the Emvio Watch, a gadget that “measures stress and makes everyday stress management easier ” In contrast to ordinary fitness bands, the device lets users know when they overreact to such negative situations as disagreements with people, waiting in line or bad news. According to its […]

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Two initiatives that confirm the Russian government’s commitment to support the country’s high-tech industries were announced this month. The first was the creation of a 5 billion ruble (approximately $100 million) tech fund by RVC, the state-owned fund of funds dedicated to innovation, in partnership with Da Vinci Capital Management, a major internationally-oriented Russian asset management company. Presented as […]

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Over the past few weeks, AliExpress has multiplied initiatives to strengthen its leadership on the Russian e-commerce scene. The Chinese giant has teamed up with Russian online bank Tinkoff Bank to launch a co-branded loyalty program. Associated with MasterCard credit and debit cards, this program is the first of its kind in the world, said […]

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KupiVIP, a major Russian online fashion group, announced today the acquisition of footwear retailer Sapato.ru and its 6-million client base from the Ozon group. “The acquisition will help KupiVIP strengthen its position by significantly expanding its client base and product assortment,” KupiVIP stated. The acquirer also expects to benefit from Sapato’s “deep expertise in international purchases in […]

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Perfume lovers now have an easy and affordable way to access a supply of over 350 top designer fragrances, including Dolce & Gabbana, Versace, Hermes, Gucci and Marc Jacobs. By subscribing to Scentbird.com, they will receive a new fragrance each month “in a sleek and beautiful purse-sized spray,” the startup promises. Subscribers can choose their fragrance based on suggestions from Scentbird’s “TruScent Recommender,” which leverages a database […]

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Earlier this month Net Element, a NASDAQ-listed provider of mobile payment and value-added transactional service and solutions in Russia and in the United States, announced the acquisition of Russian Internet payment service provider (IPSP) PayOnline. The deal amounted to some $8 million, reported online tech portal CNews.ru, referring to SEC documents. The closing is still […]

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