Deliver, the European rendez-vous for logistics (online event, Oct. 8-9)

September 25, 2020

‘Deliver,’ a major international event on e-commerce and logistics, will take place this year in a fully online format, attratcing participants from all parts of the world. An unprecedented league of 600 decision-makers in retail and logistics will participate. This year, 12 different themes will be addressed during the four Retail Leaders Masterclasses: Automation, Omnichannel, Sustainability, Resilience, Community, Business Model, Customer …

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Yandex launches new AI-powered professional services

September 27, 2020

Yandex presented new AI ​​services DataSphere and SpeechKit Pro during the Yandex Scale conference , which runs from September 23 to 25.  DataSphere presents itself as “a service for ML development that combines the most popular tools and scalable resources for the full cycle of machine learning: from an experiment to the launch of a finished model.” It includes both a development environment and computing …

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Yandex to buy Tinkoff: Deal parameters and implications

September 25, 2020

By Mikhail Terentiev, CFA, Head of Research; Oksana Mustiatsa, CFA, Analyst; and Andrey Mikhailov, Senior analyst We believe the proposed acquisition of Tinkoff (TCS) by Yandex (YNDX) is a win-win for both companies. From YNDX’s perspective, TCS’ valuation looks reasonable, and its takeover should create a vast scope for synergies, cross-selling and product bundling, solidifying the …

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New game features AI-driven Soviet-era policeman “with a precise moral compass”

September 24, 2020

‘Militsioner’ (what a policeman was called in the USSR and up until 2010) is a new indie game from Russian studio Tallboys, unveiled on Steam in July 2020. “Escape from the Giant Policeman before he catches you in this first-person open-sandbox game set in a mysterious world,” reads the project’s Steam page. The location is …

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Russian e-commerce leader Wildberries launches in Ukraine

September 24, 2020

On September 21 Wildberries, the number one retailer in Russia, launched sales in Ukraine. Customers can order goods with free delivery in the wildberries.ua online store as well as through the iOS mobile application. An Android app will be launched shortly. In addition to Russia and Ukraine, the company operates commercially in six countries: Belarus, …

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After parting ways with Sberbank, Yandex plans to buy Russia’s leading online bank

September 24, 2020

Yandex, the NASDAQ-listed Russian Internet giant, has agreed in principle with TCS group – controlled by Russian billionaire Oleg Tinkov – the acquisition of its online banking and financial services company Tinkoff. “The parties have come to an agreement in principle on a transaction that would consist of cash and share consideration worth approximately $5.48 …

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Russian government wants to ban latest encryption technologies

September 22, 2020

Russia’s Ministry of Digital Development, Communications, and Mass Media wants to ban websites from using the latest encryption technologies, to make it easier for Russia’s Internet and telecom regulator, Roskomnadzor, to block access to Russian Internet resources containing prohibited content. Experts point out that a number of large Internet companies, including the Russian Internet giant …

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My.Games invests in Russian-founded studio Hypemasters

September 22, 2020

My.Games Venture Capital (MGVC), an investment firm affiliated to Mail.ru Group, and Aii Corporation, a Finnish VC firm, have teamed up to invest in a US-headquartered mobile games studio called Hypemasters.   “Under the new partnership, MGVC will provide marketing, HR, operations, and financial support to Hypemasters to drive the development of current and future titles,” …

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Average order value on AliExpress Russia doubles in 2020

September 23, 2020

AliExpress Russia and Tinkoff Oplata, a merchant acquiring service, took a close look at online orders made through the platform in Russia in 2019–2020. The study is based on the analysis of transaction data from 6.5 million Russian bank cards processed by Tinkoff Payment as well as AliExpress customer data.   During the first eight months of …

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The rise of Russia’s giant digital ecosystems

September 21, 2020

Over the past few years, large ecosystems emerged around Mail.ru Group, Sberbank and Yandex, with both competition and cooperation intensifying between them.   ICT.Moscow, a media initiative from the Moscow government, has analyzed the variety of services provided by the three companies and the underlying business logic. It has compiled industry news from November 2019 to August 2020, aiming …

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Fort Ross Ventures aims to invest $100 million across Russia and Eastern Europe

September 18, 2020

Just weeks after The Untitled announced plans to launch a new venture fund for Russia and Eastern Europe, Fort Ross Ventures, another Russia-connected VC firm, shared news about a similar initiative.  Dubbed ‘Fort Ross Seed Fund,’ the new venture vehicle is the third fund managed by Fort Ross, following SBT Ventures I and II. It …

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Swedish, Malaysian and French investors back Russian startups

September 20, 2020

Russian startup NaPopravku (“for cure”), an online service for medical appointments, has raised $2.25 million for further domestic expansion and mobile developments, reported industry publication Rusbase.  The investor pool includes the Russian investment holding Avenir, which has a variety of tech companies in its portfolio; the Swedish VC fund VNV, which is renowned for its …

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