Sber, the state-controlled financial and digital giant, is considering having some of its digital subsidiaries listed, stated Sber president Herman Gref last week on the sidelines of the Eastern Economic Forum, reiterating previous statements.
The international listed Russian tech giant Yandex said it beat off the largest distributed denial-of-service (DDoS) hacker attack in the history of the internet.
On September 1 KupiVIP, once a top Russian fashion site, and its affiliate Mamsy.ru, wound up their operations September 1, unable to compete with Russia’s new generation of online retail giants, reports East-West Digital News (EWDN).
Russia’s earnings from tech exports have jumped more than threefold over the last two years, according to a new report from Moscow’s Higher School of Economics (HSE), reports East-West Digital News (EWDN).
Russian car-sharing major Delimobil and real estate database Cian are considering US IPOs this autumn, hoping to raise around $350mn each, according to “financial market sources.”
New three-year partnership between Iskratel and Ukrtelecom will provide more than 300 locations in various Ukrainian regions with gigabit-capable connectivity.
Auto fleets' shift to electric vehicles in a global drive to cut carbon emissions will involve a drawdown on copper that could transform markets, and spur additional supply.
Competition between ultrafast grocery delivery services is intensifying in Western capitals. Emerging market players are looking set to dominate, while there's a crop of ambitious entrepreneurs all eager to become the next unicorn.
Russian leading health food retailer and foodtech company Vkusvill has announced expanding its delivery of prepared meals with a new project offering hot food delivery. The service is now available via the VkusVill mobile app.
Russian e-commerce major Ozon is expanding its presence in Kazakhstan. In August, Ozon began delivering orders to 2,000 post offices around the country in a partnership with Kazpost that will increase pick-up 20-fold.
Russian e-commerce is booming and grocery delivery is becoming a key growth driver for the sector. By 2024 the turnover of this business may exceed RUB1 trillion, according to Infoline.
Welldone, a Russian artificial meat startup founded last year, has secured $1.5mn from two local funds.
OCSiAl, the Russian-founded global graphene nanotube leader, has inked an investment and business cooperation agreement with Japanese giant Daikin Industries.
Baring Vostok, the Russian PE/VC giant, Winter Capital, a Moscow-based international fund backed, in particular, by billionaire Vladimir Potanin, and Goldman Sachs have invested $50mn in GetCourse
Facebook has launched its C2C classifieds platform, dubbed ‘Marketplace,’ in Russia, reports the news agency TASS, as cited by East-West Digital News (EWDN).
E-commerce platforms in Russia will have to disclose their ranging algorithms and guarantee participants a possibility to control prices, according to proposals currently considered by the federal anti-monopoly service.
Almost one year after heavy political crackdowns began in Belarus, its IT industry faces extremely uncertain prospects.
The acquisition is aimed at expanding MTS Group’s portfolio of digital financial services for B2B clients.
Wildberries' assets to be blocked in Ukraine and it will be prevented from moving goods through the country.
Russia has been considering the concept of a "sovereign internet”, namely cutting itself off from the World Wide Web.