The US government is providing support to Netflix — which became available in Russia in January 2016 — as part of an effort to “get into every television” in the world, Russia’s culture minister Vladimir Medinsky stated in an interview with Rambler News Service (RNS). Netflix has developed its business with the support of the US government, …
Ulmart, a major Russian e-commerce player with a mixed online-offline distribution model, is still maintaining its billion-dollar turnover in dollar terms, even though it has seen sales slow down amid the current crisis. On the sidelines of the recent St Petersburg International Economic Forum, Ulmart CEO Sergey Fedorinov shared with bne IntelliNews the latest news and next plans of his company. Among …
“Ulmart is part IKEA and part Amazon,” says CEO Sergey Fedorinov Read More
A Russian hacker has pled guilty in a U.S court to aiding in the theft of $1.6 million, international media reported Monday. Vadim Polyakov, 32, was the leader of a $1.6-million international ticket-scamming ring. He hacked into more than 1,000 accounts on U.S. ticket sales website StubHub. Using the credit card details attached to the …
Russian hacker pleads guilty of ticket-scamming ring in US court Read More
Illustrating Russia’s and China’s willingness to strengthen their ties in the field of high technologies, the Russian Direct Investment Fund (RDIF), Russia’s sovereign fund, has agreed a partnership with several Russian and Chinese industry players to develop and manufacture medical robots. According to the agreement, which was annonced Friday last week at the St. Petersburg International Economic Forum, a …
Russian and Chinese technoparks team up to develop medical robots Read More
More than six months after its launch, Russia’s national bank card MIR is already supported by more than a hundred Russian banks, 13 of which actually issue the card, according to the Russian central bank’s subsidiary NSPC (or NSPK), which operates the MIR card. Card acceptance is not ubiquitous yet in Russia, however, if judging by the …
Members of the Russian State Duma have approved the third reading of a new bill requiring foreign IT companies to pay value added tax (VAT) on the sale of online content, the Slon.ru news website reported Wednesday. The bill, nicknamed the “Google tax law,” requires companies which distribute or sell online applications, games, music, or …
Panasonic and Raidix, a St. Petersburg based IT developer, have partnered to create a unique data management and storage system to be run by Russian software. An MoU was inked earlier this month, announced Russia’s Skolkovo Foundation, also a participant in the deal. The partners are said to be planning to develop a brand new product enabling …
Panasonic bets on Russian software to run data for 100 years Read More
Illustrating the intense ties between the Russian and Israeli tech communities, Janvest Capital Partners, an early-stage investment fund focusing on Israeli startups, has teamed up with two Russian funds, Altair Capital and Leta Capital, to inject $2.4 million in Israeli startup Unomy. The terms of the transaction have not been disclosed. Created in 2012, Unomy has …
Israel business intelligence startup raises $2.4 million from Israeli and Russian funds Read More
VisionLabs, a facial recognition, data analysis and robotics company, has created an open-source computer vision platform using funding from Facebook and Google. Founded in 2012, VisionLabs is a resident of Skolkovo, the international tech hub under completion on the outskirts of Moscow. The Russian company created the new resource by integrating two popular libraries for developers …
Russian startup VisionLabs teams up with Facebook and Google to teach machines to see Read More
NUMA Moscow, an internationally-oriented startup accelerator in Moscow, will launch its second acceleration program in July. Startups are invited to apply until June 19. The four-month program targets globally-oriented early-stage startups with a strong team and a working prototype or MVP. Each submitted project will be evaluated by a board of at least three experts. …
NUMA Moscow launches its 2nd acceleration program (application deadline: June 19) Read More
Google now surpasses Yandex in terms of monthly audience in Russia, while the Russian search giant is keeping its leadership in terms of daily audience, according to TNS. During the month of April 2016, according TNS data cited by Russian business daily Vedomosti, 20.5 million people used Google at least once in Russia, whether on computers or …
Google surpasses Yandex in monthly audience in Russia Read More
A new messenger service that seeks to unite 500 million Buddhists all around the world will be launched in Kalmykia, a Russian region with a large Buddhist population, the NSN news agency reported on May 26. Approximately $1 million will be invested in the project. The main investor and creator of the project is the former President of …
Russia to launch Buddhist messenger service for 500 million users Read More
