International

American-Russian web server publisher Ngnix secures $8 million from Telstra

January 9, 2019

Last week Ngnix (pronounced “engine-x”), a US-based open source web server publisher with Russian origins, announced a new $8 million strategic investment led by Telstra, a leading telecommunications provider. “The move will bring further expertise to the company and help it continue to expand and capture a significant share of the global application delivery market,” Ngnix stated. The …

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Inside SpyEye: How the Russian hacker behind the billion-dollar malware was taken down

April 24, 2016

For two years, SpyEye was the world’s most destructive piece of malware targeting banks and financial institutions, infecting more than 50 million PCs and causing estimated damage of $1 billion. The malware, created by a young Russian hacker who liked to brag of its malevolence, was secretly installed on victims’ computers, spread via spam emails and malicious websites, and worked by silently …

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Russian robotics startup walks away with first prize at Chinese contest

April 21, 2016

Last week in China, Russian startup Wicron was awarded first prize in the robotics category of the Global Happiness Technology Challenge, the Skolkovo Foundation reported yesterday. The startup presented a remote presence bot, christened ‘Webot,’ which allows users to observe the bot’s surroundings from their location via the Internet, an interact with people in those surroundings accordingly. A …

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Russian government unveils plans to launch e-commerce export platform

March 30, 2017

Last week, the Russian government unveiled some key aspects of its plan to launch an e-commerce platform dedicated to exporting Russian goods. In addition to serving end consumers directly, the platform will seek to cooperate with such international marketplaces as AliExpress, JD.com, eBay and Amazon. It will feature payment, credit, insurance, customs, logistics and other export-related …

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Hong Kong delegation visits Russia’s Skolkovo to cross-pollinate fintech startups

April 18, 2016

Earlier this week a delegation from Hong Kong visited Skolkovo, the international tech hub under completion on the outskirts of Moscow, to exchange experience amid an ongoing cooperation program. As reported by the Skolkovo foundation, the delegation was led by Professor KC Chan, Secretary for Financial Services and the Treasury of Hong Kong, who outlined how the …

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E-commerce players from 30 countries to meet in Shanghai to discuss cross-border opportunities (May 18-19)

April 15, 2016

Next month in Shanghai, the 5th China Cross-Border eCommerce Conference & Exhibition will attract more than 500 participants, including renowned industry players and experts from more than 30 countries. The event will be divided into two tracks: “Import to China” on day 1 (May 18) and “Export from China” on day 2 (May 19). The key industry …

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Yandex teams up with Seattle company to launch business telephony solution in Russia

April 15, 2016

Last week Yandex, the Russian search giant, launched a virtual automated customer communications system for small and medium-sized businesses. Christened ‘Yandex.Telephony,’ the service helps companies to  manage all of their customer communications, including telephone calls, messages or inquiries coming via feedback forms on their websites or through social network accounts. Developed in partnership with the Seattle-based MightyCall company, Yandex.Telephony “combines …

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VKontakte and Warner Music Group settle legal battle out of court

April 15, 2016

Last week VKontakte (VK.COM), the leading social network in Russia and a property of LSE-listed Mail.ru Group, announced the settlement of its legal battle with Warner Music Group (WMG) through a confidential out-of-court agreement. Under the agreement, VK users will be provided with legal access to WMG content though UMA, a Russian supplier of music content, and other authorized platforms. …

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Russian taxi drivers complain over Uber’s pressure on prices

March 2, 2017

On behalf of taxi drivers, the Federation of Russian Car Owners (FAR) has filed a complaint with Prime Minister Dmitry Medvedev over the low prices dictated by taxi service aggregators, the RBC news agency reported Tuesday. The complaint by FAR said that the Federal Anti-Monopoly Service (FAS) had refused to initiate legal action against Uber, …

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On the steps of Netflix: China’s LeEco prepares to enter Russian market

April 13, 2016

LeEco, a Chinese company which offers a Netflix-like video streaming platform as well as a variety of electronic devices, is set to enter the Russian market this summer, Kommersant reported last week, citing a source familiar with the company’s plans. The business daily has learned that LeEco is seeking to hire two top managers from JD.COM — Victor …

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Dmitry Grishin raises second fund to “pursue trillion-dollar opportunity”

April 12, 2016

Yesterday Grishin Robotics, an international venture capital firm launched in 2012 by Mail.ru Group’s CEO Dmitry Grishin,  announced a new $100 million fund to invest in the USA and Europe. Originally focusing exclusively on robotics, the firm is now expanding its investment focus to such areas as collaborative and material handling robots, AI and data analytics, industrial IoT and …

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Russian company sells white-label cloud storage solution to Vodafone Turkey

April 11, 2016

The Turkish division of Vodafone is now providing its customers with a cloud storage offer using a platform created by Russia’s ASD Tehnologies. Christened ‘Güvenli Depo’ (Safe Storage), this cloud service was launched earlier this month together with a 4.5G network across Turkey. Cloudike, the solution developed by ASD Technologies, “enables mobile carriers and device OEMs to extend their …

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