Yandex builds powerful data mining and search app for social networks

January 15, 2013

Yandex, Russia’s leading search engine, is developing a voice-activated search application that retrieves and displays relevant data from Facebook or other social network content, TechCrunch reports from unnamed sources. The new mobile app, codenamed “Wonder,” will enable users to see results – including images – that feature places where their friends have checked in or posted …

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US, Russia agree innovation corridor

January 15, 2013

The EURECA US-Russia Innovation Corridor is a project of the University of Maryland, College Park (UMD) and University of Nizhny Novgorod to increase collaboration in innovation and commercialization between the US and Russia. The Corridor will incubate collaborations in innovation between the US and Russia, starting with Maryland and Nizhegorodskaya entities, and drawing upon the …

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Online matchmaking industry consolidates: Teamo acquires Monamour

January 14, 2013

Matchmaking site Teamo.ru has taken full ownership of its main competitor, Monamour.ru, gaining undisputed leadership of this market segment in Russia. The transaction, which took place in December, was confirmed to East-West Digital News by Teamo Managing Director Vladimir Schmidt. Schmidt said it was a cash transaction, but declined to disclose further financial information.

UK online retailer ASOS comes to Russia as cross border sales doubled in a year

January 11, 2013

ASOS.com, a major British online fashion retailer, is now planning to launch local operations in Russia. The site’s press service confirmed the news to East-West Digital News, but denied a rumor that it was also considering an acquisition. ASOS is among the most popular sites selling to Russian shoppers from abroad. As EWDN’s recent report …

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YotaPhone wins the CNET Best of CES Award for Hottest Mobile Device at the 2013 International CES

January 10, 2013

Las Vegas – Yota Devices today announced it won a Best of CES Award for its YotaPhone, the first dual-screen phone with a full-color liquid crystal display (LCD) on one side and an electronic paper display (EPD) on the other. Produced and judged by editors from CNET, the winners of the Best of CES Awards were …

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Russian satellite TV operators dramatically decrease pricing to win new audiences

November 19, 2014

A growing number of Russian satellite TV operators are trading the once cherished status of premium providers for that of discounters, driving market prices down and increasing competition in a country where an estimated 55-57% of households are linked to paid television services. NTV-Plus, Russia’s oldest satellite TV company, and one which has been in …

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Phony “New Year godsend” under Apple and Samsung guise seized in Moscow

November 19, 2014

Last month the Russian police confiscated 103 packaged bales full of fake Apple and Samsung phones; they estimate 10 million rubles ($310,000+) and 179 million rubles ($5.6 million), respectively, in damages for the trademark holders. As many as 8,400 handsets “with unmistakable signs of falsification,” stacked on a train that ran from Vladivostok, in Russia’s …

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Mobile social networks attract 12.5 million Russian users

December 31, 2012

J’son  & Partners, a management consultancy covering telecom and IT markets in Russia and other countries, has released a report on Russia’s small but rapidly-expanding mobile social networks market. The popularity of mobile social networks is growing in Russia in the same way as elsewhere in the world, the report notes, driven by the increasing …

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InVenture and Almaz inject $2 million into Square clone 2can

December 31, 2012

Smartfin, a provider of mobile payment solutions in Russia, completed its $2 million Series A round of financing in mid-December. The startup, which operates under the brand ‘2can,’ has enjoyed the participation of Almaz Capital and InVenture, two major Russian venture funds, as well as of Cisco VP Bob Agee and other unnamed business angels. …

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Vkontakte.ru ownership saga: Usmanov now plans to increase Mail.ru Group’s stake

December 28, 2012

A mere two weeks after an executive of his management company stated the opposite in an exchange with Bloomberg, Russian billionaire Alisher Usmanov, the main shareholder of the Mail.ru Group, said he was willing to increase his group’s stake in Vkontakte.ru, Russia’s leading social network also known as VK.com. “If there is a reasonable market …

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