Eastern Europe / Tech

Sber considers listing digital subsidiaries in a few years

East West Digital News in Moscow September 15, 2021

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.

Russia’s Yandex beats off the largest DDoS attack in history

bne IntelliNews September 15, 2021

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.

Western-funded Russian online retailer KupiVIP shuts down after 13-year e-commerce story

Adrien Henni in Moscow for East West Digital News September 15, 2021

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).

Russian tech exports up threefold since 2018

East West Digital News in Moscow September 15, 2021

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 tech companies Cian, Delimobil target New York IPOs this autumn

East West Digital News in Moscow September 15, 2021

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.”

Iskratel and Ukrtelecom launch €12mn fibre network expansion project in Ukraine

bne IntelliNews September 7, 2021

New three-year partnership between Iskratel and Ukrtelecom will provide more than 300 locations in various Ukrainian regions with gigabit-capable connectivity.

EV market may create copper deficit

Dimitri Frolowsckii of Neo September 3, 2021

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.

Western capitals get rapid grocery delivery from Emerging Market firms and founders

Stephen Bierman of NEO September 2, 2021

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 Vkusvill launches hot meal delivery

bne IntelliNews August 31, 2021

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 signs agreement with Kazpost to deliver parcels

bne IntelliNews August 16, 2021

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 online product sales may exceed RUB1 trillion by 2024

Cameron Jones in London August 12, 2021

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.

Russian startup Welldone backed by domestic investors in burgeoning meat alternative market

East West Digital News in Moscow August 6, 2021

Welldone, a Russian artificial meat startup founded last year, has secured $1.5mn from two local funds.

Russian-founded graphene nanotube leader valued at $2bn, inks investment agreement with Daikin

East West Digital News in Moscow August 5, 2021

OCSiAl, the Russian-founded global graphene nanotube leader, has inked an investment and business cooperation agreement with Japanese giant Daikin Industries.

Russian GetCourse secures $50mn from top investors, expects to generate $1bn in GMV this year

East West Digital News in Moscow August 5, 2021

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 launches its C2C classifieds platform in Russia

East West Digital News in Moscow August 5, 2021

Facebook has launched its C2C classifieds platform, dubbed ‘Marketplace,’ in Russia, reports the news agency TASS, as cited by East-West Digital News (EWDN).

Russia will reportedly tighten e-commerce regulations

bne IntelliNews July 28, 2021

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.

Belarus' IT sector continues downward spiral

bne IntelliNews July 28, 2021

Almost one year after heavy political crackdowns began in Belarus, its IT industry faces extremely uncertain prospects.

Russia's MTS acquires control of blockchain firm Factorin

bne IntelliNews July 27, 2021

The acquisition is aimed at expanding MTS Group’s portfolio of digital financial services for B2B clients.

Ukraine bans Russian e-commerce giant Wildberries

bne IntelliNews July 26, 2021

Wildberries' assets to be blocked in Ukraine and it will be prevented from moving goods through the country.

Russia temporarily disconnects from the World Wide Web

bne IntelliNews July 23, 2021

Russia has been considering the concept of a "sovereign internet”, namely cutting itself off from the World Wide Web.