Leading streaming video site Ivi.ru completes deals with Hollywood’s major studios

April 27, 2012

Earlier this week, Ivi.ru, a leading video streaming site, announced it has reached agreements with all relevant copyright owners in Holywood, including 20th Century Fox, Walt Disney, Sony Pictures, Warner Brothers, Paramount Pictures, and Universal. These agreements, which were reported by the Russian news agency RIA Novosti, will allow Ivi.ru to enlarge its video catalog …

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Russian Post and Rostelecom judged “anti-brands of the year”

April 27, 2012

The Russian Post was among the ten companies awarded the title of “Anti-Brand of the year” by Potrebiteli.ru, a non governmental consumer rights initiative,  for the second time in two years. “Judging from the endless flow of complaints, the Post’s work does not leave some things to be desired; it just leaves anything positive to …

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Final audited IFRS results for FY 2011 and preliminary revenue update for Q1 2012

April 26, 2012

Dubai – Mail.Ru Group Limited (LSE: MAIL, hereinafter referred as “the Company” or “the Group”), one of the largest Internet companies in the high-growth Russian-speaking Internet market, today releases its annual report for 2011 and provides the following final audited segment financial information for the year ended 31 December 2011 and an update on the …

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Fast Lane Ventures secures $18 million in a round led by VTB Capital

April 26, 2012

VTB Capital, the venture investment arm of leading Russian state-controlled financial group VTB Group, has led a $18 million investment round in Fast Lane Ventures, a Western style Internet investment company operating in Russia. Investors from Fast Lane’s two previous rounds are also participating in the operation. They include eVenture Capital Partners and “some business …

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Odnoklassniki.ru continues expansion outside Russia

April 25, 2012

By the end of this year, Odnoklassniki.ru, a leading Russian social networking site, will offer localized versions to its Uzbek, Armenian, Georgian and Moldavian audiences. The news was announced yesterday by Alexander Izryadnov, an executive at the Mail.Ru Group, the LSE-listed Russian Internet group that owns the website.

Bauman University and IBM team up for research on “Smarter City”

April 25, 2012

The Bauman university, a leading Russian technical university, and IBM have opened “Smarter City,” a scientific and educational center based on the latest approaches to urban infrastructure management. The center will conduct R&D in the fields of image, audio and video recognition, cloud calculations and analytical software, in particular

Government hotline to combat consumer rights violations in online retail

April 24, 2012

The Public Chamber, a state organization which aims to organize and enhance the relationship between Russian citizens and government, plans to open a hotline next month to field consumer complaints about violations of consumer rights by e-commerce sites. This initiative was announced by Anatoly Kucherena, a lawyer who heads the Public Chamber’s commission on citizens’ …

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Evernote secures $100 million investment at $1 billion valuation

April 23, 2012

Evernote, a California-headquatered company founded by a Russian-American team in 2007, has completed a $100 million round at a $1 billion valuation, Business Insider reported last Thursday from “multiple sources.” The round was led by Meritech Capital Partners.

Megafon ownership shaken up, IPO planned for H2 2012

April 23, 2012

Megafon, Russia’s second largest mobile operator, has borrowed $4.5 billion with the intention of buying back investor Mikhail Fridman’s 25.1% stake, Reuters reported last week. If successful, the purchase will bring MegaFon closer to a $4 billion IPO on the London Stock Exchange. Megafon borrowed $1.5 billion from Sberbank, the Russian national savings bank, $1 …

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Report: “Google, the US Yandex”

April 20, 2012

In association with East-West Digital News, faberNovel, a French innovation consulting firm with offices in Paris, San Francisco and Moscow, has just released an eye-opening presentation on the Russian Internet and innovation system. The report features the latest data on the Russian market and its key players, of course, but then goes further, providing useful …

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Odnoklassniki.ru leading social network among 18+ users

April 20, 2012

According to a poll conducted by the Public Opinion Foundation (FOM) earlier this month, Odnoklassniki.ru has become Russia’s most popular social network among Russians who are 18 year-old and over – ahead of Vkontakte.ru, whose leadership is more affirmed among teenagers. Odnoklassniki’s reach is now estimated to be no less than 61% – compared to …

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