On Tuesday Mail.ru Group, the LSE-listed Russian Internet major, announced its rebranding to âVK,â uniting most of its online activities around the abbreviated name of its social media flagship Vkontakte. âWhile market analysts and professionals know us as Mail.ru Group, the connection between our projects was not always obvious to users,â explains the group, and ⊠Mail.ru Group rebrands to âVKâ Read More Read more âș
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Last week Mail.ru Group, the LSE-listed Russian Internet major, and Sber (ex-Sberbank), the state-controlled financial and technology giant, announced they injected 12.2 billion rubles (around $170 million) into their O2O joint venture. The two partners contributed equal amounts and still own equal stakes (45.01% after the deal). The latest capital increase brought the total investment in the ⊠In 2021, Mail.Ru and Sber injected $600 million in their mobility and... Read more âș
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This past Friday Delimobil Holding S.A., a Luxembourg-registered, Moscow-based car-sharing company, filed for listing on the New York Stock Exchange. BofA Securities, Citigroup Global Markets and VTB Capital will act as joint lead book-running managers while Banco Santander, Renaissance Securities and Sberbank CIB will be joint bookrunners, the company said, cited by Reuters. A pioneer ⊠Russian car-sharing major Delimobil files for listing in New York Read More Read more âș
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Mail.ru Groupâs appetite for acquisitions in the gaming space was confirmed again today as My.Games Venture Capital (MGVC), the investment arm of its subsidiary My.Games, announced minority investments in three game studios. These are Tworogue Games and VOX, based in Moscow, and Wideview Games from Minsk, Belarus. MGCV put $3 million in total to make these deals, which include options to purchase control ⊠Mail.ru Group pursues gaming acquisitions across... Read more âș
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Dsight, a Moscow based business intelligence company with a focus on investment, has just released the English version of its Russian venture report for the first half of 2021. In contrast with last yearâs disappointing numbers, the market showed signs of growth this year, with total deal value exceeding $1 billion for the first semester. Russian venture investment volume by ⊠Report: Russian venture market reached $1 billion in H1... Read more âș
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Last week Sber announced the launch of a Digital Skills School, aiming to teach elderly people to use digital services in everyday life. The financial and digital giant defines its initiative as âan educational and awareness-raising project,â touting its âsimple language and accessible formats.â Users can learn how to buy medications online, order grocery delivery online, keep ⊠Sber aims to make elderly people digitally literate Read More Read more âș
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Earlier this week the International Consortium of Investigative Journalists (ICIJ) released the âPandora Papers,â a deep dive into âoffshore havens and hidden riches of world leaders and billionaires.â Millions of leaked documents unveil financial secrets of current and former world leaders, politicians and public officials in 91 countries and territories, alongside âa global lineup of fugitives, con artists ⊠Two Russian tech moguls exposed by Pandora Papers Read More Read more âș
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Yandex plans to launch a cloud business in Germany next year, the company said ahead of its annual Yandex.Scale cloud conference in late September. The NASDAQ-listed Russian digital major is making an an initial investment of $30 million until the end of 2022. The money will be used to purchase equipment and rent data centers. ⊠Yandex invests $30 million to launch cloud business in Germany Read More Read more âș
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Amma Pregnancy Tracker, a fast-growing, Russian-made mobile application for pregnant women, has attracted $2 million to fuel its international expansion. The startup plans to develop teams in Latin America, its largest market today by number of users, as well as in Southeast Asia, and to grow its 10 million+ user base.  The success off ⊠Russian pregnancy app reaches 10 million users globally, raises $2 million to pursue expansion Read... Read more âș
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Russia could impose record fines on Facebook and Youtube (held responsible for YouTube) for not removing prohibited content. Since these companies are accused of repeated violations, fines could be in the range of 1/20 to 1/10 of the yearly revenues they generate in in Russia. Thus Facebook, which makes around 10 billion rubles per year in ⊠Facebook and Youtube exposed to record fines for not removing unlawful content in... Read more âș
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Softline, an international IT solution and service provider with Russian roots, confirmed yesterday its IPO plans. As reported by Reuters, the company plans to raise some $400 million through an IPO on the London Stock Exchange and a secondary listing in Moscow. Targeting a valuation of around $2 billion, Software will float 20-25% of its shares, âa person familiar with the matterâ ⊠Russian IT major Softline plans dual listing... Read more âș
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The Russian government has decried YouTubeâs decision to delete the state-funded RT broadcasterâs German-language channels as âinformation warfareâ and said it will block German media in Russia in retaliation. The video streaming website on Tuesday deleted RTâs DE and DFP channels for breaching coronavirus misinformation policy. âThis is a real media war declared by the state of ⊠Russia vows âretaliationâ for YouTube blocking RTâs German channels Read More Read more âș
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OCSiAl, the Russian-founded global graphene nanotube leader (pronounced âOxialâ), intends to get listed on a Western exchange until the end of this year by merging with a SPAC. With an EBITDA exceeding $100 million, the company aims for a $3 billion valuation, its co-founder Yuri Koropachinsky told Forbes Russia last week. âWeâre having very deep discussions with nine SPAC companies,â he said. SPACs ⊠Russian-founded graphene nanotube leader aims to... Read more âș
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Two Skoltech research units â the Laboratory for Quantum Information Processing of the Skoltech center of Photonics & Quantum Materials (CPQM) and the âZhoresâ supercomputing team of the Skoltech Center for Computational and Data-Intensive Science and Engineering (CDISE) â have teamed up to emulate Googleâs quantum processor. Reproducing noiseless data following the same statistics as Googleâs ⊠Skoltech scientists use supercomputer to probe limits of Googleâs quantum processor Read More Read more âș
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Susan Wojcicki, chief executive officer at Googleâs YouTube, said the internet giant still holds free speech as a âcore value,â in the companyâs first public comments since it acceded to a Russian government order to remove material from political opponents. Alphabet Inc.âs Google and Apple Inc. pulled a voting app from opposition leader Alexey Navalny ahead of ⊠YouTube CEO responds to Russia censorship accusations Read More Read more âș
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Jiffy, a 10 month-old UK grocery delivery and dark store startup, has secured a $28 million Series A round. This capital injection is coming after two funding rounds completed earlier this year, bringing the total  amount raised so far to $35 million, as reported by TechCrunch. Led by family-owned investment company Heartland, the round was supported by Baring Vostok, a top ⊠Russian-founded Jiffy raises $28 million to roll-out super... Read more âș
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Youâll now be able to watch videos on YouTube and almost any other service with the aid of automatic English-Russian translation dubbing. This could be really helpful to those studying Russian. Meanwhile, Yandex says more language pairs will be added to the system soon. âTo completely erase language barriers on the internet is one of our biggest challenges. We set about ⊠Yandex introduces automatic English-Russian video dubbing feature Read... Read more âș
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An international research team led by Skoltech and IBMResearch has created an extremely energy-efficient optical switch that could replace electronic transistors in a new generation of computers manipulating photons rather than electrons. In addition to direct power saving, the switch requires no cooling and is really fast: at 1 trillion operations per second, it is ⊠Skoltech and IBM researchers create energy-efficient optical switch for next-gen computers Read More Read more âș
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The Russian venture market â which barely reached $700 million in 2020 â started to emerge in the nineties. It experienced periods of growth, followed by shocks of the crisis, throwing it down each time. Alexey Solovyov, a figure of the Russian venture scene and co-founder of six startups, recounts the history of this market â from ⊠Amid market breakthroughs and geopolitical crises: 20 years of venture capitalism in... Read more âș
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This Wednesday, Sept. 22, Roskomnadzor, Russiaâs telecom and Internet regulator, announced the launch of a registry of major social networks. The regulator cites amendments to the Russian legislation on information and information technologies which came in force on Feb. 1, 2021. Establishing the âself-controlâ of social networks, these new rules mandate social networks to identify, ⊠Russia mandates social networks to âself-controlâ illegal content Read More Read more âș
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27.11.2024 07:35
Last update: 07:31 EDT.
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