Russia’s Supreme Court recognizes tokens as assets like money and property

December 26, 2019

Although many of them are still wary about legalizing decentralized digital money, governments around the world are nevertheless tempted to tap into incomes from the cryptoconomy or feel obliged to prevent illicit uses of cryptocurrencies. With each step authorities take to achieve their goals in either of these directions, however, they inevitably add another layer …

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Mail.Ru and Yandex bet on online platforms to massively train IT specialists

December 24, 2019

Mail.Ru Group now owns 60.3% of Skillbox, an e-learning platform for digital and IT specialties, Vedomosti reported yesterday, citing the official company register and exchanges with company representatives. The amount of the transaction was not disclosed. In February, the LSE-listed Russian Internet giant had acquired a 3.6% stake for an undisclosed amount as part of …

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Next-gen Russian CRM technology backed by major funds to conquer US market

December 23, 2019

Last week Voximplant, a US-headquarter provider of innovative CRM solutions, announced it raised $10 million from Baring Vostok and RTP Ventures. Baring Vostok is the leading Russian PE and VC firm, which sadly made the headlines this year with the arrest of its US founder Michael Calvey in Moscow. The RTP Ventures fund is a …

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How a highly connected military figure became Russia’s point man for disconnecting the Internet

December 24, 2019

In November 2019, Russia’s so-called “Internet sovereignty law” took effect, requiring all local telecom operators to install special equipment designed to “withstand foreign threats” and block anything added by Roskomnadzor (the federal censor) to the government’s registry of banned online content. The new regulations are still unenforceable in practice, but officials are already testing the …

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Rambler Group drops suit against Twitch over litigious sports content

December 18, 2019

Rambler Group has withdrawn its claim against Twitch, a streaming service controlled by Amazon, over alleged piracy broadcasting of English Premier League games. No financial compensation has been sought or paid after Twitch withdrew the litigious content, as reported by Reuters. “We are glad that we reached the common understanding and closed the trial proceedings, and …

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Cross-border marketplace Bringly stops activity

December 18, 2019

Earlier this month Bringly, the cross-border e-commerce marketplace of the Yandex Market group of companies, stopped accepting orders – just one year after its launch in beta version. The group intends to transfer its cross-border offers to Beru.ru, another marketplace initially designed for domestic purchases. Bringly aimed to become “a truly global platform, including both cheap goods from China and alternative …

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Yandex introduces Vega, its latest intelligent search update

January 15, 2020

Since we started our search engine in 1997, we’ve sought to connect people with the information most relevant to them.  Over the years, we’ve updated Yandex Search with smart features and more informative results, making it as easy as possible for our users to navigate the mass of information that is the internet.  Today, we’re …

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Online appointment platform YClients secures $10 million from major Russian investors

December 17, 2019

Elbrus Capital and Guard Capital have invested $10 million in YClients, a Russian online appointment and automation platform, in exchange for a minority stake. No further details about the deal were disclosed, but an industry insider told the business daily Kommersant that the company might have been valued in the range of $40 million.  Founded in 2015 …

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Cross-border payments and commerce report 2019–2020

December 16, 2019

ThePaypers, a major online publication dedicated to the payments and related industries, has just released its ‘Cross-Border Payments and Commerce Report 2019 – 2020.’  Available for download free of charge, this 144-page document depicts the major trends driving growth in cross-border payments, cross-border commerce, and marketplaces. It is intended for international retailers, global shipping companies, …

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Sberbank and SberCloud launch Russia’s fastest supercomputer

February 3, 2022

Sberbank and its SberCloud subsidiary have put the Christofari supercomputer into commercial operations, making it available to the company’s corporate customers on December 12, 2019. “We believe our mission is to make supercomputing and development of AI-based solutions available to any company, no matter the size, industry, or location. Only the largest corporations were able …

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Russian Internet group Rambler sues Amazon’s Twitch for $3 billion

December 17, 2019

Russia’s third-largest internet company Rambler wants a record 180 billion rubles ($2.87 billion) in compensation from Amazon’s streaming giant Twitch over illegal streams, the Kommersant business daily reported Monday, the second high-profile action Rambler has taken against a U.S. tech company in less than a week. Rambler wants to ban Twitch and seek damages over what it …

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Rambler triggers criminal case against Nginx over IP rights, then steps back

December 18, 2019

Last week in Moscow an unexpected criminal case tarnished one of Russia’s best tech success stories – that of Nginx, the world’s most popular web server, which was sold to a US industry giant 15 years after being created by an obscure Russian system administrator.  On Thursday, December 12, law enforcement raided the company’s Moscow office. Armed …

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