Yandex

Yandex reports 27% revenue growth in 2016, claims 55% market share

February 16, 2017

The NASDAQ-listed Russian Internet search giant Yandex today announced its unaudited financial results for the fourth quarter and the full year ended December 31, 2016. In 2016, the company’s revenues amounted to 75.9 billion ($1,251.7 million), up 27% compared with FY 2015. Its net income of reached 6.8 billion rubles ($111.8 million), down 30%, with a net …

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Yandex launches machine intelligence and research division

February 11, 2017

Earlier this week Yandex, the leading Internet search company in Russian-language countries, announced the creation of its new “Machine Intelligence and Research (MIR) Division.” This division is defined as a “centralized, cross-functional unit to accelerate innovation and unify [Yandex’s] core machine learning technologies.” The MIR division will also transfer research from various Yandex research teams into …

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Google and Yandex are ”key threats” to banks, says Sberbank’s CEO

September 26, 2016

The head of Russia’s biggest bank, Sberbank, has named online giants such as Google and Yandex as the ”key threats” to the company. Sberbank CEO German Gref warned that traditional banks are set to lose out as increasing amounts of money are being transferred online through services such as Facebook and Yandex Money. “The problem …

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Yandex eyes global car market

April 14, 2017

Yandex is following Google’s example and intends to enter the international car market. The Russian search giant doesn’t plan to create its own autonomous car like Google, but it is adapting its technologies to the needs of major car manufacturers. Thus, recently, the Yandex.Navigator service recently was built into the Toyota RAV4 Exclusive as well as a Honda car. Also, at the …

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Yandex and Baring Vostok invest $5.5 million in house-call doctor service

July 12, 2016

Russian search giant Yandex and private equity fund Baring Vostok Capital Partners have invested $5.5 million in DOC+, acquiring a minority stake in the company. The deal was revealed last week by Russian business publication RBC, based on exchanges with the startup’s co-founder Victor Belogub, and confirmed by the investors. The deal was led by Baring Vostok. …

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Kremlin-linked billionaire utilizes new ‘right to be forgotten,’ tries to get critical news articles removed from Yandex

June 2, 2016

The billionaire Evgeny Prigozhin is demanding that Yandex delete from its search results an article about the Internet Research Agency, better known as Russia’s “troll factory.” Several news outlets, including the newspaper Novaya Gazeta, have published articles claiming that Prigozhin is the brains and money behind the troll factory. The billionaire has also demanded that Yandex …

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Mail.ru overtakes Yandex as most valuable Russian Internet company

March 1, 2016

Russian Internet giant Mail.ru Group has topped a ranking of the most valuable companies operating in the Russian Internet segment for the first time, according to a rating released by the Russian version of Forbes magazine Monday. Mail.ru Group includes the mail.ru portal as well as the Vkontakte and Odnoklassniki social networks, and managed to …

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Yandex launches “hyper-local weather forecasting” and “automated information agency”

February 9, 2016

Yandex announced yesterday the launch of ‘Meteum,’ a new machine learning-based technology for “hyper-local and super-accurate weather forecasting.” “This new technology collects a massive volume of data about past forecasts made by external providers like WRF or Foreca, and compares them with the historical weather conditions to figure out the difference between what was forecasted and what happened …

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Yandex launches new SEM offer with enhanced auction model and ad relevance ranking

February 14, 2016

Yandex.Direct, Yandex’s pay-per-click advertising platform, is changing its auction system and introducing new ranking rules for paid search results. Starting tomorrow, instead of a generalized second-price auction (GSP), Yandex.Direct will be using a Vickery-Clarke-Groves (VGC) auction to serve ads in the premium positions on its search engine results page (SERP) and the SERPs of websites …

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Yandex relaunches its mobile analytics platform with detailed ad tracking

February 14, 2016

Russian internet giant Yandex has revamped its mobile analytics platform with a new name, as well as ad and traffic tracking capabilities. First launched in 2013 as Yandex.Metrica, the rebranded AppMetrica also offers user interaction and crash analytics for Android, iOS and Windows Phone apps in real-time. With the new version, Yandex aims to offer …

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Yandex transfers professional network Moi Krug to Thematic Media

June 19, 2015

Russia’s search giant Yandex has “handed over” Moi Krug, a major professional social network which it acquired back in 2007, to Thematic Media (TM), a publisher of several online tech publications. The transaction was confirmed earlier this month by a Yandex representative to business daily Vedomosti, but no details of the deal have been disclosed. Yandex …

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