Universal and Warner Music groups win case against VKontakte

February 12, 2016

Universal Music Group and Warner Music Group have claimed an important victory in their fight to stop copyright infringement by VKontakte, Russia’s largest social network and the country’s most popular provider of music. A Russian court has ruled that VKontakte must introduce technology to effectively prevent the unauthorised upload of the companies’ sound recordings on to …

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US-Russia Innovation Corridor takes Russian medtech startups to Philadelphia

February 12, 2016

Although the relations between the two powers have reached historic lows, US-Russian cooperation in scientific and technological fields is still partly alive. Thus the US-Russia Innovation Corridor (USRIC) — a cooperation framework created by Nizhny Novgorod and Maryland universities in early 2013 — announced yesterday the participants in its Fall 2015 MedTech program. These five Russian startups …

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Russian online video platform ivi.ru raises $3.5 million from Buran Venture Capital

February 12, 2016

This past Friday Buran Venture Capital announced that it has invested $3.5 million in ivi.ru, a major online video streaming platform operating in Russia and neighboring Russian-speaking countries. The details of the transaction have not been disclosed. The capital injection will allow ivi.ru to “further development its video platform and strengthen its position on the mobile and …

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H&M to open online store in Russia

February 12, 2016

Swedish clothing brand H&M said it would launch an online store in Russia this fall to boost already rising sales in the country. In a report of its results over the first 9 months of this year, Stockholm-based H&M said year-on-year sales in Russia had risen by 15 percent to 2.6 billion Swedish krona ($312 million). …

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Russian police investigate Apple for “propagating homosexuality”

October 13, 2019

Officials in Russia’s Kirov region have brought an administrative case against Apple, the maker of the iPhone, for illegally promoting homosexuality, according to police documents published by the Russian news site Gazeta.ru. The evidence against Apple is the set of emojis included with iOS 8.3, which contains several images depicting families with same-sex parents, gay pride …

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US brand Vans launches online retail store in Russia

February 18, 2016

Earlier this month Californian brand Vans launched an online retail store in Russia to make its collections — including “California,” “Classic,” “LXVI,” “OTW,” “Surf” and “Pro Skate” — more readily available to local consumers. Also displayed on Vans.ru are items co-branded with Disney, Eley Kishimoto and Antihero. So far Vans had 17 offline stores and outlets in …

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BitRuble might appear in Russia in 2016

February 12, 2016

Sergei Solonin, general director and co-owner of Qiwi, a leading, NASDAQ-listed Russian payment operator, announced that his company plans to issue a Russian crypto-currency, called the BitRuble, in 2016. Qiwi intends to use either the Blockchain technology, which is the foundation for the Bitcoin, or the Bitshares financial platform, which is a sort of decentralized crypto-currency …

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Yandex opens commercial office in Shanghai

February 13, 2016

As a growing number of Chinese e-commerce companies are entering the Russian market, or considering to do so, Russian search giant Yandex has opened an office in Shanghai. Last week a company representative indicated that Yandex is renting office in a business center with several people, “but the staff will be expanded progressively as the number …

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Russian man pleads guilty to largest ever US cyber heist

February 14, 2016

A Russian man pleaded guilty last week to involvement in what authorities called the largest computer hacking scheme ever prosecuted in the United States, compromising more than 160 million credit card numbers and causing more than $300 million of losses. Vladimir Drinkman, 34, admitted to conspiring to illegally access computers and conspiring to commit wire …

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Online classifieds service Prodai.ru secures $500,000 from wood industry businessman

February 14, 2016

Russian online classifieds site Prodai.ru has raised half a million US dollars from an unnamed investor from the wood industry, online publication Rusbase reported earlier this month. The funding will be used for expansion across Russia, with the Siberian regions of Kemerovo, Novokuznetsk and Chita targeted in the short term, Valery Vorobyev, the site’s founder, told …

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20 Russian startups to compete in global seed-stage contest in Moscow

February 14, 2016

Seedstars World, the global seed-stage startup competition for emerging markets and fast-growing startup scenes, is returning to Russia on October 1st, 2015. Continuing on its goal to put the spotlight on entrepreneurs from emerging countries, Seedstars World expanded its competition to more than 50 countries for 2015 up from the 36 countries of the 2014 …

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Telegram now seeing 12 billion daily messages, up from 1 billion in February

February 14, 2016

Pro-privacy secure messaging app Telegram is seeing some impressive usage growth this year. Here at TechCrunch Disrupt SF founder Pavel Durov revealed on stage the platform is now seeing 12 billion messages sent daily — up from two billion back in May, and 1 billion in February. Its monthly active users figure remains around 60 million, as it was in May, so the …

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