On May 12-14 EMERGE, a top tech conference covering Eastern Europe and Central Asia, will hold its third edition in an online format and in English language (more information here). One of the side events, ‘EMERGE CHALLENGE,’ is a pitching competition with a €10,000 prize. The goal is to help startups scale globally by connecting with the right people. In … Top tech conference offers €10,000 prize to startups from... Read more ›
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AliExpress Russia, a leading cross-border and domestic e-commerce platform in Russia, has invested in a major regional e-commerce company, KazanExpress, acquiring a 30% stake. The amount of the transaction was not disclosed, but in a media interview company co-owner Linar Khusnullin mentioned a sum of “several billions of rubles” (dozens of millions of US dollars). … AliExpress Russia invests in regional marketplace KazanExpress Read More Read more ›
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Earlier this month in Germany, a Russian-founded startup launched a “4-in-1 finance platform” for SMBs — a solution that automates admin and accounting processes. The startup, dubbed Monite, also announced the completion of a €1.1 million pre-seed funding round, which involved no less than 10 investors. Among them are Berlin-based signals Venture Capital, Zurich-based Tomahawk VC, Turkish fund InVentures … Two startup entrepreneurs from Russia aim to “revolutionize SME finance”... Read more ›
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Starting April 1, 2021, tech device manufacturers will be required to pre-install Russian-made, government-approved applications and software onto new devices sold on Russian soil. Dubbed “anti-Apple law,” this legislation was adopted in late 2019 as part of the Putin administration’s “sovereign Internet” strategy. While the law did not specify what devices new electronic devices are … Russian-made apps on electronic devices: Apple prepares to comply with new legal requirements Read... Read more ›
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Alfa-Bank is in the process of acquiring Netmonet, a startup that uses QR codes to automate tips in restaurants, cafés and beauty salons. In an agreement signed last month, the Russian lender is committed to acquire the company fully for an undisclosed amount. Forbes Russia has estimated Netmonet’s valuation at approximately $4 million — a sizeable amount … Russian tip automation startup acquired by major bank 18 after project launch... Read more ›
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Softline Venture Partners, the venture arm of Russian software giant Softline, has invested in T-1 Group, a provider of B2B and B2C telematics solutions and navigation technologies. No details of the transaction were disclosed. “The acquisition of a stake in T-1 Group is an investment in the rapid growth of the transport telematics market, which is simply … Backed by a giant software publisher, this Russian smart transportation provider eyes... Read more ›
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In early March Wildberries, the number one Russian e-commerce company, launched in three new EU countries: France, Italy and Spain — just weeks after its debut on German soil. Through localized web and mobile interfaces (France, Italy, Spain), online shoppers from these three countries can access more than four million products from some 40,000 brands — from … Russian e-commerce leader Wildberries launches in France, Italy and Spain Read More Read more ›
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The Russian Internet and telecom regulator Rokomnadzor announced today first steps to disrupt Twitter’s speed within the country for failing to remove banned content. These masures are said to affect “100% of cellphones and 50% of personal computers” in the country. “Starting March 10, 2021, centralized response measures have been taken against Twitter to protect Russian citizens and force the [social … Russia restrains Twitter’s speed and sues other social... Read more ›
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An investment fund controlled by Alexey Nechaev, the founder of Russian direct sales leader Faberlic, has acquired Sports.ru with affiliated blogging and marketing assets. The amount of the deal was not disclosed. Sports.ru is a leading Russian-language sports media and community platform. Founded by a journalist in 1998, the platform was sold in 2006 to Herman … Russian direct sales giant Faberlic acquires Sports.ru to develop vertical communities Read More Read more ›
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Blockchain Life 2021, a major live forum on blockchain, cryptocurrencies and mining, will hold its 6th edition on 21-22 April in Moscow’s Music Media Dome. Thousands of participants are expected to come. This year, attendees will hear Artem Kalikhov (Waves), Murodjon Khamraev (Bitmain), Rauan Khassan (TradingView), Sergey Khitrov (Listing.Help), Anatoly Radchenko and others. The program will cover such … Thousands of blockchain and cryptocurrency aficionados expected to meet in Moscow... Read more ›
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More than 500 industry professionals, including 300+ investors interested in the CEE region, are expected to participate in the 2nd edition of 0100 Virtual CEE a major PE/VC virtual conference dedicated to the CEE region. The event will take place on 16-18 March 2021. Participants will include senior level General Partners from renowned PE/VC funds and Limited Partners — including pension funds, funds of … 0100 Virtual CEE: Hundreds of... Read more ›
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More and more Russians are relying on Internet social networks for information, though most still get their news from television programs, which are under tight government control. According to a poll conducted last month by the Levada Center independent polling agency (designated as a “foreign agent” by the Russian Justice Ministry), 42% of Russians named … TikTok overtakes Facebook as online news source in Russia Read More Read more ›
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Dsight, with support from CrunchBase, EY, EWDN and other partners, will present its Russia venture report for 2020 and discuss the latest market trends and events. This online event will take place on Thursday, Feb. 23 at 6pm Moscow time (4pm CET). The program covers such topics as: Key venture facts and trends in Russia … Dsight presents Russian VC trends for 2020 (online event, Feb. 25) Read More Read more ›
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Trendy social media app Clubhouse is seeing an extraordinary surge of interest among Russians as it launched last week in the country. The social network saw the audience for its audio-chat service increase 20-fold as big brands and top managers from major companies signed up. The former head of Russia’s financial regulators even appealed for Central Bank Governor … Clubhouse frenzy in Russia Read More Read more ›
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Last week Selectel a leading Russian data center and related service provider, made a bond placement debut on the Moscow exchange, aiming to raise 3 billion rubles (around $40 million at the current exchange rate). Bond trading is scheduled for start on February 25. The coupon rate is set at 8.5% per annum — which corresponds … Selectel makes bond debut in Moscow to raise $40 million Read More Read more ›
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Trendy social media app Clubhouse is seeing an extraordinary surge of interest among Russians as it launched last week in the country. The social network saw the audience for its audio-chat service increase 20-fold as big brands and top managers from major companies signed up. The former head of Russia’s financial regulators even appealed for Central Bank Governor … Clubhouse frenzy in Russia Read More Read more ›
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As the value of Bitcoin soared this year, bringing cryptocurrencies back into the global spotlight, Russia’s opposition leader Alexei Navalny saw his team’s crypto wallet fatten. Public blockchain data shows that a Bitcoin address tied to Navalny received 3.5 Bitcoin ($120,000) at the end of January as supporters rushed to donate to the Kremlin critic … Russian opposition finds refuge in bitcoin Read More Read more ›
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Russian e-commerce major Ozon is to offer bonds worth $750 million (aggregate principal amount). These bonds will be issued “on or around Feb. 24, 2021,” with further listing on “an internationally recognized, regularly operating stock exchange.” The company provided the following details on the offer: These are senior unsecured convertible bonds, which will be convertible into American Depositary … Two months after its $1.2 billion IPO, Ozon prepares to issue... Read more ›
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Russia’s digital banking leader Tinkoff announced today the launch of an online and offline payment service for legal entities. Dubbed ‘Tinkoff Checkout,’ the service will operate “as a one-stop shop [for] companies to take care of all of their online and offline financial needs in one place.” The service will allow businesses to accept online payments, provide … Tinkoff launches online-offline payment service Read More Read more ›
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The 4th edition of Fashion Tech Day, Russia’s leading conference on fashion retail tech and e-commerce, will be held in an offline and offline format in Moscow Expocenter. More than 2,000 participants are expected, including hundreds attending the physical event. Co-organized by East-West Digital News, the event will involve a variety of fashion brands, retailers … Fashion and e-commerce leaders discuss market, tech and sustainability at Moscow event (March 2)... Read more ›
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27.11.2024 18:43
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