International

Swedish and Russian businessmen team up to invest in Iranian digital assets

April 1, 2016

Two Russian businessmen — former Qiwi shareholder and Parus Capital President Andrey Muravyev and Parus Capital Managing Partner Boris Sinegubko — invested last year “several million US dollars” in three Iranian Internet companies. These include DigiKala, Iran’s largest e-commerce company, as well as leading classifieds sites Divar and Sheypoor. The investment was revealed earlier this month …

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Yandex.Money teams up with TravelersBox to convert travelers’ leftover foreign currency into online deposit

March 16, 2016

Russian holders of e-currency accounts may now make use of their leftover foreign coins and bills when traveling abroad. Yandex.Money, a leading Russian e-currency with more than 25 million user accounts, has partnered with international service provider TravelersBox to provide its users with this service, following the examples of PayPal and Qiwi. Using TravelersBox’s kiosks in the airports of Milan …

Yandex.Money teams up with TravelersBox to convert travelers’ leftover foreign currency into online deposit Read More

Google loses anti-monopoly appeal in Russia over ‘obligatory’ pre-installation of Android apps

March 15, 2016

Google has been dealt a blow in its ongoing battle with European regulators — the Internet giant has lost its anti-monopoly appeal in Russia. The Moscow Arbitration court has upheld a previous ruling from the Federal Antimonopoly Service (FAS) that found Google had abused its dominant market position and broken anti-competition legislation. The crux of the complaint …

Google loses anti-monopoly appeal in Russia over ‘obligatory’ pre-installation of Android apps Read More

Uber to limit Moscow service to licensed cars and share data with city authorities

March 2, 2017

Uber  has agreed to limit its service in Moscow to drivers with a transportation license, Bloomberg reported yesterday. The company said it will also share traffic data with city officials, as well as the number of drivers using the app each month. Moscow’s transportation department had previously planned to ask police and a judge to …

Uber to limit Moscow service to licensed cars and share data with city authorities Read More

Sports.ru acquires Belorussian sports app developer

March 14, 2016

Sports.ru is in the process of acquiring 90live.org, a Belorussian developer of mobile apps for football fans, reported Vedomosti earlier this month based on exchanges with the portal’s general manager Dmitry Navosha. The details of the transaction, which is not completed yet, have not been disclosed. Founded in Minsk in 2013, 90live.org has developed more than …

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Mail.ru Group completes sale of HeadHunter; Goldman Sachs said to be among new shareholders

March 14, 2016

Mail.ru Group, a leading LSE-listed Russian Internet group, has completed at last the sale of HeadHunter (hh.ru) to a consortium of investors led by Elbrus Capital. Russian business daily Vedomosti learned from unnamed sources that Goldman Sachs was part of the consortium, but the bank declined to confirm this information. The transaction, which is worth a …

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Historical ExoMars launch makes waves on social media

March 15, 2016

Moments after the scheduled starting time, Russian space agency Roscosmos tweeted this picture of the ExoMars mission’s successful start. The historical venture — a joint European and Russian project — had been creating a lot of buzz on social media all morning, with #ExoMars a trending topic on Twitter in many countries. And post-launch, Twitter …

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Venture capitalists turn away from Russian e-commerce while offline retailers demonstrate renewed activity

November 9, 2016

Last year saw paradoxical investment trends in Russia’s young e-commerce industry, with venture and private equity investment continuing to fall while a range of offline players started or resumed online projects. On the venture side, investment reached historic lows. According to RMG Partners’ preliminary estimates, just 42 deals were closed, totalling $137 million — down …

Venture capitalists turn away from Russian e-commerce while offline retailers demonstrate renewed activity Read More

Runa Capital leads $5.6 million round for US school admission startup

March 10, 2016

Last month Runa Capital, a venture firm operating globally from its offices in Moscow and San Francisco, led a new round of funding for SchoolMint, a leading provider of mobile and online enrollment systems for US public, charter and private schools. Also participating in the round, which totalled $5.6 million, were Reach Capital (New Schools), Fresco …

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Russian blogger appeals to Strasbourg court over social media case

March 13, 2016

A Russian blogger has filed a complaint to the European Court of Human Rights in Strasbourg, challenging the sentence he was handed for the republication of extremist texts online, the Kommersant newspaper reported Wednesday. Konstantin Zharinov, a blogger and activist from the Urals region of Chelyabinsk, was convicted in 2015 for sharing a post on …

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Russian e-commerce players invited to major industry event in Berlin (April 27)

March 8, 2016

E-commerce Berlin Expo, an international event targeting e-commerce industry players from Western, Central and Eastern Europe, will be held on April 27, 2016 in Berlin, Germany. The fair will gather more than 80 exhibitors from Germany and abroad to highlight the following areas: sales support, IT, law, marketing, TSL/courier services, accounting, consulting. Participation in the …

Russian e-commerce players invited to major industry event in Berlin (April 27) Read More

Europe’s new cold war turns digital as Vladimir Putin expands media offensive

January 31, 2017

Last week the NATO Centre of excellence in Riga unveiled the results of research into what it claims is a “preparatory information war” in Latvia but with, it emerges, much wider repercussions. One project examined 200,000 comments posted on Latvia’s three main online news portals between 29 July and 5 August 2014. It found 1.45% of those …

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