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Cuba gets inspiration from Skolkovo to develop “analogous tech park project”
Exploring the possibility of building a Skolkovo-style tech park in Cuba, a government delegation from the island visited Moscow earlier this month, the Skolkovo Foundation reported....
1102
0
27 July 2015
Russian tech players develop new ties with Singapore
Skolkovo, the international tech hub under completion on the outskirts of Moscow, is seeking to forge new partnerships and cement existing ties in Southeast Asia....
928
0
14 July 2015
NSA and GHCQ targeted Kaspersky Lab and other antivirus developers, say Snowden documents
New documents provided by former American secret service employee-turned whistleblower Edward Snowden claim that the U.S. and UK security services have been carrying out attacks against antivirus developers around the world, including Russian company Kaspersky Lab....
961
0
7 July 2015
U.S. goes after $300 million in alleged bribes paid by Russian telecom giants
The U.S. has filed to seize $300 million that it claims was paid in bribes by two major Russian telecoms firms to a close relative of Uzbek President Islam Karimov in exchange for access to the Uzbek telecoms market, news agency Bloomberg reported Tuesday....
948
0
7 July 2015
Ulmart confirms IPO plans in 2016, considers private equity deal in late 2015
Earlier this month Ulmart, Russia’s leading e-commerce company, announced several new steps towards its planned IPO. JPMorgan and UBS have been appointed to prepare the operation, which may take place in spring next year, according to Ulmart chairman Dmitry Kostygin....
931
0
7 July 2015
LinguaLeo raises $500,000 after cutting 30% of staff
Earlier this month LinguaLeo, a service used by millions of web and mobile users in Russia, Brazil and Turkey to learn English, finally received a $500,000 capital injection from Social Discovery Ventures (SD Ventures) and existing investor Runa Capital....
929
0
29 June 2015
Booking.com confirms commitment to “important Russian market,” gets prepared to comply with personal data storage law
Earlier this month, Booking.com announced that it will comply with Russia’s new law on personal data storage. The global online travel operator will soon transfer all data from the country’s users to a local data center, Russian business daily Kommersant reported....
1024
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29 June 2015
Panasonic opens R&D center in Skolkovo
Earlier this month Panasonic opened its R&D center in Skolkovo, the international tech hub under completion on the outskirts of Moscow, following an agreement signed in December 2014....
283
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22 June 2015
Alibaba opens Russian company, teams up with Skolkovo
Chinese e-commerce giant Alibaba Group has registered a Russian subsidiary as its subsidiary AliExpress expands its hold over the Russian e-commerce market, Kommersant reported last week....
253
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8 June 2015
May 20-22: Meet top researchers, innovators and entrepreneurs in Nizhny Novgorod
Lobachevsky University, the largest university in the Nizhny Novgorod region, is announcing KomTech-2015, a sizable innovation-focused event to be held between May 20 and 22, 2015....
286
0
25 May 2015
Wikimart co-founder and CEO Maxim Faldin: “Virtually all Russian legitimate e-commerce companies are unprofitable”
Launched in 2008 by Stanford graduates Maxim Faldin and Kamil Kurmakaev, Wikimart had the initial ambition of creating a Russian analog of eBay. Funded initially by major US investment funds, then by Russian investors, the startup has now become a major marketplace offering its own products alongside nearly 2 million items from over 1,000 merchants....
248
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12 May 2015
Russia moves to unseat Apple, Samsung and others from domestic market
The Russian Ministry of Industry and Commerce has come up with a new plan that outlines steps for Russia to have its own tablets, smartphones, laptops and desktop PCs by 2020 already....
258
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12 May 2015
KupiVIP acquires footwear retailer Sapato.ru
KupiVIP, a major Russian online fashion group, announced today the acquisition of footwear retailer Sapato.ru and its 6-million client base from the Ozon group. Neither the amount nor the completion date of the transaction are disclosed....
267
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23 April 2015
Kaspersky opens representative office in Singapore
Last week Kaspersky Lab announced that it opened a new office in Singapore. The Russian IT security solution provider is now represented in 31 countries on five continents....
284
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21 April 2015
Yandex jumps 13% as EU and Google scuffle
With the European Commission’s antitrust complaint against Google, Russia’s home advantage in Internet search is evident....
314
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17 April 2015
Ulmart founder and CEO Sergey Fedorinov: “The context might change for the better before our potential IPO”
Starting from scratch in 2008, Ulmart took just five years to assert itself as the leading Russian e-commerce site, generating $1.3 billion in revenues last year in a domestic market that reached or exceeded $17 billion....
291
0
13 April 2015
Scientific research centers benefit from partnerships with global firms
Over the past two years several technology transfer centers have been established and began operations at Russian universities in partnership with private international firms. Their task is to use the scientific potential of universities to create an innovation infrastructure around them and help attract further investments....
259
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9 April 2015
Pavel Durov: “The Russian tech environment became much less liberal, losing freedom as one of its competitive advantages”
“Facebook is losing traction within the younger generation,” Vkontakte founder and former CEO Pavel Durov told UK magazine Dazed, while Telegram, the messenger which he created in, now attracts 50 million users worldwide....
289
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9 April 2015
Tomasz Czechowicz of Polish fund MCI: “We believe it’s a time to buy and build in Russia”
While several international investors have suspended or reduced activities in Russia, MCI, a major Polish fund, is continuing to invest in the country, among others. Its current Russia portfolio includes KupiVIP, Travelata and Oktogo....
271
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9 April 2015
Mozilla makes Yandex the default search engine for Firefox in Turkey
Earlier this week Yandex.Turkey and Mozilla Corporation announced that Yandex will be the default search engine for Turkish language versions of Firefox on mobile and desktop, starting with Firefox’s next update, planned for this week....
356
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2 April 2015
M-Enabling Global Summit
The M-Enabling Global Summit is the only program exclusively dedicated to promoting mobile accessible and assistive applications and services for senior citizens and users of all abilities, a market of more than one billion users worldwide, with considerable untapped potential....
326
0
12 March 2015
Charles Bellissen of ShopAlike: “Even if the market slows down this year, we still believe in Russia’s huge potential”
Amid signs of renewal of the Russian e-commerce marketplace scene, ShopAlike, an international fashion-focused aggregator launched back in 2009, has been making headway in the Russian market for almost a year....
283
0
11 March 2015
Indiegogo goes wild for St Petersburg’s iTraq
A startup with routes in Russia’s second city has attracted more than $221k in funding on Indiegogo. The company is called iTraq, and has developed a small device whose location can be tracked using a smartphone app....
322
0
11 March 2015
RADWIN COMPLETES MOSCOW METRO DEPLOYMENT - THE LARGEST WI-FI ONBOARD TRAINS PROJECT IN THE WORLD
RADWIN (www.radwin.com), the leading provider of train-to-ground wireless communications solutions, today announced the completion of the onboard Wi-Fi deployment for the Moscow Metro. RADWIN’s FiberinMotion® train-to-ground solution was chosen by MaximaTelecom - the system integrator and service provider - to deliver high-speed Wi-Fi services onboard Moscow Metro. The world&rs...
305
0
10 March 2015
Maëlle Gavet steps down as Ozon CEO
Yesterday Ozon Holdings, one of Russia’s most established players on the Russian e-commerce scene, announced that Maëlle Gavet, its French-born CEO since 2011, is moving on from the company....
347
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9 March 2015
French Tech launches Russia tour to showcase France’s best startups
La French Tech, a government-led initiative that aims to stimulate and promote France’s startup ecosystem, is launching a Russia branch....
313
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2 March 2015
Mail.ru Group says headhunter sale in doubt as Russia’s recession dampens revenue growth
Russian Internet group Mail.ru said on Thursday the sale of its recruitment sitemight not be completed after the company saw an economic downturn constrain ad spending....
344
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2 March 2015
Innovating on the Pacific: Skolkovo branch planned for Vladivostok
The Skolkovo Foundation may open a representative office in the Pacific port city of Vladivostok, the head of its space cluster, Sergei Zhukov, was quoted as saying on Wednesday....
272
0
26 February 2015
Context ad technology startup K50 valued at $5 million in deal with AddVenture
Russian venture fund AddVenture has invested an undisclosed amount in K50, a Moscow-based startup which is developing an optimization and analytics solution for the contextual advertising market. The deal valued the startup at $5 million. K50′s founding team, which previously financed the startup, will retain a controlling stake....
292
0
26 February 2015
QIWI launches new accelerator Universe 2.0
QIWI Venture, the investment arm of Russian electronic payment giant QIWI Group, has launched a new acceleration program, Universe 2.0. Like its predecessor, the program is intended to facilitate the quick launch of pilot projects which are looking to work in partnership with the company....
303
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26 February 2015
Yandex announces fourth quarter and full-year 2014 financial results
Moscow and Amsterdam – Yandex (NASDAQ: YNDX), one of Europe’s largest internet companies and the leading search provider in Russia, today announced its financial results for the fourth quarter and the full year ended December 31, 2014....
281
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25 February 2015
Russian man sues Google for reading his private emails
A Russian man has filed a lawsuit against search giant Google, accusing it of violating his privacy by showing him advertisements based on comments made in private e-mails....
272
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25 February 2015
IXcellerate appoints Roman Linin as CFO
Moscow – IXcellerate, Russia’s premier carrier-neutral data centre operator, is pleased to announce the appointment of Roman Linin as Chief Financial Officer, joining COO Dmitry Fokin and CEO Guy Willner....
287
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9 February 2015
Yandex purchases software tool for taxis
Yandex is purchasing Ros.Taxi, a software program for the management of taxis. It allows taxi businesses to take orders, coordinate and lead the work of drivers. Included within the Ros.Taxi brand is a mobile application called Taximeter, which determines the cost of a journey and provides drivers communication with dispatchers....
306
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9 February 2015
Netology secures third funding round in a year
Netology Group, a major Russian online education platform, announced last week that it raised $2.1 million from Buran Venture Capital and InVenture Partners....
281
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9 February 2015
KupiVIP general manager Vladimir Kholyaznikov: “Cross-border now exceeds 25% of our total volumes and we expect strong growth in 2015″
Launched in 2008 by Oskar Hartmann, a German entrepreneur born in the former Soviet Union, KupiVIP quickly became Russia’s leading flash sales site in the field of fashion. When the cross-border e-commerce market emerged in Russia, the company lobbied against what Hartmann called – with some justification – “duty-free e-commerce.” But KupiVIP also launched its own cro...
283
0
4 February 2015
Ukrainian-Russian startup Preply enters Polish market
Preply, a platform to find foreign language tutors for home or Skype lessons, has just entered the Polish market with a localized version of its website....
371
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2 February 2015
Okko launches first UHD movies on Russian VOD market
In late 2014 Okko (formerly Play), a leading player on the Russian VOD market, launched the country’s first Ultra HD 4K video service. The solution, developed in partnership with LG Electronics, was designed to meet the requirements of Hollywood studios for content protection, giving Okko the opportunity to work with original content filmed in 4K quality....
311
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30 January 2015
Erik Bosgoed of Groupon International: “We may start exporting from Russia instead of importing”
Groupon, which began operating in Russia in 2010, has asserted itself since then as a leader in the Russian coupon sales market. The site has also developed a cross-border business, selling virtually anything from smartphones to tableware and cappuccinators to Russian consumers....
256
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30 January 2015
KupiVIP.ru close to break-even, reports 44% year-on-year sales growth in Q4 2014
Illustrating the relative resilience of the Russian e-commerce market amid the current economic turmoil, leading flash sales platform KupiVIP.ru reported a 44% revenue increase year-on-year in Q4 2014. The company attributes this growth to consumers switching from traditional and online retail to discount-based sites....
292
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28 January 2015
What do Yandex users want to look like? Russians’ image search queries
The average person aims to stay up to speed with the most recent clothing styles and haircuts. From country to country, styles vary and the ideal image is often rooted in cultural influence. Still, a popular movie or a celebrity influences worldwide trends uniting people across the globe to wear a particular pair of sunglasses or cut their hair a certain way....
317
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27 January 2015
Mail.Ru Group, QIWI, Yandex stocks plummet as only Luxoft stands tall on Western exchanges
Several key Russian tech companies are listed on Western stock exchanges. Among them are software development and service company Luxoft (NASDAQ: LXFT); Mail.ru Group (LSE: MAIL), the owner of Russia’s leading social network Vkontakte and of a range of other Internet properties; mobile operator MegaFon (LSE: MFON); payment operator QIWI (NASDAQ: QIWI); and Yandex (NASDAQ: YNDX), the search c...
322
0
24 December 2014
Google shuts down engineering office in Russia: Much ado about nothing?
Much speculation appeared today in the media following Google’s decision to move about one hundred of its engineers from its Russia office to other locations....
290
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15 December 2014
Young entrepreneurs open business incubator in Ufa, industry veteran launches “anti-accelerator” in Moscow
On December 1, Ufa, the capital city of Bashkortostan in the Southern Urals, saw the opening of new business incubator Smart Park, the local media reported. The space was created by the young entrepreneurs of the capital for actively minded people that are promoting new ideas and developing long-term projects. Smart Park includes a co-working space, support services to accelerate project deve...
297
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11 December 2014
St. Petersburg libraries creating an ‘alternative Wikipedia’ about Russia
The Presidential Library and National Library of Russia, both located in St. Petersburg, are working on a project that aims to become the Russian answer to Wikipedia....
279
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24 November 2014
Rambler & Co seeks startups in its shift to becoming an Internet tech firm
Rambler & Co, a major Russian tech media group, is seeking to move away from its present status as a media company towards Internet technologies. As reported by Russian daily Vedomosti, the company is creating two startup accelerators to achieve this goal....
284
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24 November 2014
German Hermes and Finnish Itella collaborate to facilitate cross-border sales to Russia
German logistics provider Hermes Fulfilment has teamed up with Finnish postal operator Itella to facilitate e-commerce sales of Western European merchants to the Russian market, E-Commercefacts.com reported last week....
305
0
13 November 2014
US company with Russian brains and Russian money unveils “breakthrough” in microprocessor performance
In late October, Soft Machines Inc., a Silicon Valley-based semiconductor startup company with an important R&D center in Russia, unveiled the Soft Machines VISC architecture – a “breakthrough” in microprocessor performance-per-watt scaling that will “significantly improve performance and power for all segments of the computing ecosystem,” according to the co...
300
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10 November 2014
Are Steve Jobs and Tim Cook dangerous gay propagandists?
The destiny of an electronic monument in memory of Steve Jobs in St. Petersburg has attracted public attention this week after its owner, a Russian company named “West-European Financial Union” (ZEFS in Russian), withdrew it in an expression of its radical anti-US and anti-gay stance....
290
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7 November 2014
KAYAK Russia GM Andrew Verbitsky: “Now we have 9 million keywords and nearly a thousand ad campaigns”
Online advertising in the Russian market offers strong opportunities for international competitors in a large number of industries. For example, digital advertising in Russia and specifically on Yandex, is proven to be more effective than advertising on the leading Russian TV channels. By Russian Search Marketing / Oct 24, 2014 Online advertising in the Russian market offers strong o...
315
0
27 October 2014