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Russia considers restrictions to foreign capital ownership of online video companies

October 4, 2016

Russian industry lobbies and lawmakers are preparing changes to the legislation on online video content. According to an advanced draft bill analyzed by Kommersant, the owners of independent online streaming companies with over 100,000 daily views will be required to reduce the share of foreign capital to 20% or less by March 1, 2017. A …

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Russia’s Sberbank joins international blockchain project

August 31, 2017

Under an agreement signed last week with the Linux Foundation, Sberbank, the Russian savings giant, is joining the Hyperledger Project. Launched in December 2015, the Hyperledger Project defines itself as “a collaborative effort created to advance blockchain technology by identifying and addressing important features for a cross-industry open standard for distributed ledgers that can transform the way …

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Blablacar starts to monetize in Russia

November 12, 2020

BlaBlaCar, the Paris-based global ridesharing giant, will now take a fee from passengers for every booking in Russia and neighboring countries. Since the company launched in the area in 2014, passengers had enjoyed free access to book their trips. They only had to pay cash to the driver to share riding costs. Blablacar says that its approach is to …

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EBRD might resume activity in Russia next year

September 29, 2016

The London-based European Bank for Reconstruction and Development (EBRD) is considering to resume operations in Russia starting from next year, according local media reports. The bank’s shareholders might take their decision (positive or negative) in December or January, online publication Gazeta.ru wrote last week, referring to “an unnamed source close to the bank.” Contacted by …

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Mail.ru Group launches social network and online games in Asia

September 28, 2016

Russia’s second most popular social network, Odnoklassniki.ru (Russian for “Classmates”), owned by Mail.Ru Group, has expanded to China, Iran, Iraq and Macao, Izvestia reported last week. On August 31, the network’s new Android app was launched under the OK.RU brand in these countries, the Russian newspaper learned from unnamed sources close to the company. When …

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Tolstoy goes digital

September 27, 2016

Leo Tolstoy’s descendent, Fekla Tolstaya, continues her digital revolution as she finds new ways to bring the works of her ancestor and other Russian classics online. In doing so, she is transforming the way people can consume and share classical literature all over the world. “The original idea was inspired by the words of my …

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Moscow accelerator GVA introduces Indian startups to the Russian market as the two countries bolster business ties

September 16, 2016

Global Venture Alliance (GVA), a Moscow-headquartered provider of business services, training programs and seed funding for startups, has teamed up with the Society for Innovation and Entrepreneurship (SINE), a major tech business incubator based in Mumbai, to launch the ‘India-Russia Bridge for Innovations’ (IRBI). As reported by BW Disrupt, an Indian online publication, the IRBI program enjoys the financial …

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China and Russia have the best developers in the world, leaving USA and India far behind, says new ranking

September 9, 2016

Which countries have the best programmers in the world? HackerRank, a platform that ranks engineers based on their coding skills and helps companies discover talent faster, has tried to answer this question based on coding challenges. Attracting hundreds of thousands of developers from all over the world, these challenges involved a variety of languages and knowledge domains, …

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Gett to invest $100 million in Russia this and next year

March 2, 2017

Gett, an international on-demand transportation, delivery and logistics company (previously known as Gettaxi), intends to invest no less than $100 million in the Russian market starting from this fall until the end of 2017, an unnamed company representatives told Vedomosti earlier this week. This is nearly one fifth of all the financial means raised by the company …

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Ozon not profitable yet, but expects fast growth and still considers Western IPO 

September 4, 2016

Ozon.ru, one of the most established Russian online retailers, — sometimes dubbed, with some exaggeration, ‘the Russian Amazon,’ — saw its sales grow by 20% year-on-year in the first seven months of 2016. The figure was disclosed by Danny Perekalsky, the site’s CEO, in exchanges with Rambler News Service (RNS) and East-West Digital News. “We’re satisfied with …

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Russian programmers launch neural network-based food discovery app in US cities

October 3, 2016

After Prisma, the much-hyped mobile app that instantly transforms pictures into artwork, and Artisto, a similar app for videos, Russian programmers are affirming their particular talent in developing technologies inspired by neural networks. This time, this approach is being applied to food recommendations with ‘Borsch,’ a new mobile service launched over the past weeks in …

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Yandex.Taxi launches in Georgia — before Ukraine, Estonia and Latvia

March 2, 2017

Yesterday Yandex.Taxi, the taxi booking service of Russian search giant Yandex, announced its launch in the Georgian capital Tbilissi. The service, which involves 200 cars from 11 taxi parks, is available in Georgian, Russian and English languages. Launched in 2011, Yandex.Taxi already operates in 30 cities of Russia as well as in Minsk (Belarus), Almaty (Kazakhstan) …

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