Russian e-commerce leader Wildberries to sell products of self-employed individuals

March 5, 2020

Russia’s largest e-commerce retailer Wildberries intends to sell the produce of self-employed individuals on its platform, Kommersant daily reported on March 2. The products would include artisanal apparel, footwear, accessories, and souvenirs. However, quality control issues could complicate the adoption of such new sellers on the platform, analysts surveyed by the daily believe. Kommersant notes AliExpress is using the …

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Russian billionaire Vladimir Potanin launches metals blockchain

March 19, 2020

Russians may soon be able to use digital tokens to buy metals, book air tickets and transfer ski passes from Vladimir Potanin’s businesses after the billionaire got the go-ahead for his blockchain platform. Potanin has long signaled plans to start crypto tokens for metals, but can now expand the project to the consumer side of …

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Major Russian retailers team up to scout startups globally

February 29, 2020

Four major Russian retailers – Beeline, Hoff, M.Video-Eldorado Group and X5 Retail Group – are teaming up to launch the Retail Innovation Tech Alliance (RITA), a startup scouting initiative in Russia and abroad.  RITA will be seeking innovative solutions in a variety of fields, including e-commerce, transport and logistics, consumer experience, quality of goods, point-of-sale …

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What are Russian Orthodox priests doing on TikTok?

February 27, 2020

Since late 2019, Russian Orthodox priests have been spotted actively using TikTok, with some videos gathering over 500,000 views. A number of users of the new social network are unhappy with their presence, but the clergymen appear resolute about TikTok being the future for reaching young people. The first popular Orthodox Christian channel on TikTok …

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From Finland to Japan, Russian startup makes robotics easier to teach in schools

November 12, 2020

School teachers from the Karelia region (Finland) and the St. Petersburg region (Russia) will soon be able to integrate Industry 4.0 topics – from robotics, to 3D printing, to Internet-of-Things, to programming – to their programs.  This program is a joint effort of Lappeenranta and Lahti University of Technology (LUT University), St. Petersburg Polytechnic University (SPbPU), the Lappeenranta city administration, with …

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Wildberries considers expansion to Western Europe, founder Tatyana Bakalchuk now Russia’s richest woman

February 24, 2020

Wildberries, Russia’s leading e-commerce player, considers expanding across Europe’s largest countries. After first steps in Slovakia and Poland, the company said it is “studying possible options to work in other countries of the EU, including France and Germany,” as reported last week by the Prime news agency.  “Discussions are being held with officials from foreign …

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BlaBlaCar stops offering its services in Crimea to avoid EU sanctions

November 12, 2020

BlaBlaCar, the carpooling giant born in France, has stopped offering its services in Crimea, where it had been operating since 2014. The decision aims to avoid being targeted by the EU sanctions against firms operating on the peninsula, according to company representatives cited by local news website Crimea.Info. Since Russia took control of Crimea, a Ukrainian …

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Moscow deploys facial recognition in mass coronavirus quarantine

February 24, 2020

Around 2,500 people arriving in Moscow from China have been ordered to be placed under quarantine for the coronavirus and are being monitored by the Russian capital’s facial-recognition technology, Mayor Sergei Sobyanin said Friday. All arriving passengers from China are required to undergo a physical examination and coronavirus test at the airport, Sobyanin wrote on his website. …

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Alexander Galitsky: From Soviet engineer to libertarian investor

February 21, 2020

Wearing casual trousers, a pullover and ruffled hair, surrounded by programmers, designers and freelancers half his age in the trendy WeWork coworking space in central Moscow, Alexander Galitsky wears his libertarian colors with comfort and conviction.  Over the last three decades, he has made his name and his fortune connecting people, money and services in …

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Da Vinci Capital gets €30 million from Germany’s DEG to invest in Ukraine, Belarus and Kazakhstan

February 21, 2020

Moscow-based private equity fund manager Da Vinci Capital has agreed with DEG, a state-owned German development finance institution, a €30 million contribution to its new fund, ‘Da Vinci Capital Technology Fund III.’ The agreement is still subject to standard closing conditions. Da Vinci expects to attract other LPs in the course of the year to reach the fund’s initial …

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On Facebook and Instagram, fake ad campaigns twist the name of Russian celebrities

February 26, 2020

Scams on Facebook and Instagram designed to look like they’re from prominent people in Russia aren’t rare. Last fall, Russian users reported multiple announcements featuring photographs of Telegram founder Pavel Durov, who is now working to launch his own blockchain platform.  Scammers started a massive ad campaign in Durov’s name, using the slogan “I won’t let Russians …

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MIT’s Russian tech partnership under scrutiny from US government

February 19, 2020

WGBH, a Boston-based public radio and TV channel, has just published an in-depth article about the long-lasting relationship between the Massachusetts Institute of Technology (MIT) and Skolkovo Institute of Science and Technology (Skoltech). Skoltech is a private technology research institute working closely with Skolkovo, a state-backed international tech hub located on the outskirts of Moscow. …

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