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Tencent backs Russian game studio to re-create robotized Soviet atmosphere

February 5, 2021

Russian game publisher Mundfish has secured a Series B funding round led by Tencent. Two existing investors — Moscow-based GEM Capital  the investment vehicle of oil industry executive Anatoliy Paliy and Gaijin Entertainment’s founder Anton Yudintsev — also took part in the deal. The amount of the capital injection was not disclosed, but industry insiders told Russian business …

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Russia goes ahead with eSIM technology

February 1, 2021

Russian mobile phone operators are exploring the promising eSIM technology, but the government’s attempts to control and centralise the technology are likely to create hurdles. The communication ministry recently unveiled plans to create a storage system for user profiles of virtual mobile phone SIM cards based on eSIM technology, explaining it by the need to …

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Russian tech amid the pandemic: Impact and response

February 9, 2021

Since the COVID-19 shockwave hit Russia in March 2020, East-West Digital News has been following closely the impact of the pandemic on the country’s tech industries. These articles highlight the best of Russian innovators’ response to the virus, the high-tech approach of the authorities to manage the crisis, online retailers’ reaction to demand surge, and …

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Russian Railways to launch marketplace for robotic software solutions

February 1, 2021

Russian Railways subsidiary RZD Technologies has partnered with Robin, a Moscow-based “leader in robotic intelligence,” to create the first Russian marketplace for robotic software solutions. Scheduled for launch in July this year, the platform is part of a program called ‘Cloud Factory of Software Robots,’ which received a 80 million-ruble grant from the Skolkovo Foundation (around $1.05 million at the current …

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iHerb to launch IT support unit in Russia

January 30, 2021

iHerb, one of the most successful international e-commerce companies in Russia, aims to take advantage of this country’s large tech talent pool through the creation of a local IT division. Under plans, the first local IT team will start activities in the course of this quarter. It will include programmers, mobile developers, software testers, web designers …

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Sber to invest more than $400 million in Goods.ru in a bid for e-commerce leadership

January 28, 2021

Sber, Russia’s state-controlled financial and tech giant (previously known as Sberbank), announced today a new partnership to assert itself in the Russian e-commerce space.  Just weeks after agreeing an alliance with Merlion, Sber signed a “memorandum of intent” with M.Video-Eldorado Group — a competitor of Merlion in the field of electronic goods — to “join hands in developing the …

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Russian telecom majors MegaFon and MTS invest in the startup space

August 30, 2021

MegaFon, a major Russian mobile operator and retailer, has increased its stake in video service Start to 50%, as reported by business daily Kommersant.  The move follows the acquisition of 33.8% of the company, announced in October 2020. The valuation of the startup — which was founded in 2017 — could reach or exceed 4 billion rubles (some …

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Russia to fine social media giants for keeping up pro-Navalny videos

January 28, 2021

Russia will fine seven social media companies for not removing pro-Navalny videos ahead of last Saturday’s nationwide protests, the country’s communications regulator said Wednesday. “Facebook, Instagram, Twitter, TikTok, VKontakte, Odnoklassniki and YouTube will be fined for non-compliance with requirements to prevent the dissemination of calls to minors to participate in unauthorized rallies,” Roskomnadzor said in …

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Elbrus Capital attracts major international players to invest in the Russian digital sphere

February 1, 2021

Elbrus Capital, a leading private equity firm focusing on Russia and neighboring countries, has attracted $260 million to launch its third fund. As reported by business daily Kommersant, the firm aims to raise $600 million in total until the end 2022 for this new fund, which will focus on Russian digital companies.  The first deals are …

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Dating Group acquires French ‘slow dating’ app Once for $18 million

January 27, 2021

Earlier this month Dating Group, a Russian-founded international dating major, announced the acquisition of French dating app Once for $18 million in cash and stock. Founded in 2015 by Jean Meyer and Clémentine Lalande, Once aims to “brings back the magic to the online dating world.”  It claims 9 million users, 5 million chats daily and 50 million …

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Andrew Filev, a geek from St. Petersburg, sells his company for $2.25 billion in Silicon Valley

January 28, 2021

Citrix Systems announced today an agreement to acquire Wrike, a leader in SaaS collaborative work management, for $2.25 billion in cash. Still subject to regulatory approvals, the transaction is expected to close in the first half of this year.  “The transaction unites leading workspace delivery platform with best-in-class SaaS work management solution, ushering in new era of employee productivity. This combination …

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Russian truck giant Kamaz aims to scout startups across the world

January 25, 2021

Kamaz, the Russian truck giant (part of the state-owned Rostec corporation), and Pulsar VC, an established Russian venture firm, announce an international startup scouting partnership focusing on mobility and IoT. The companies said they will “jointly search for new markets in the transport sector and attract investment in start-ups.” They may also consider “creating a …

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