Earlier this month VkusVill, Russia’s number one health foods brand and a leading player in e-grocery, opened its first cashierless store in Moscow. To make a purchase, customers scan a QR code in their VkusVill mobile app when they enter the store, then select the items they need and exit through a special turnstile. Payment is … VkusVill introduces Russia’s first cashierless store Read More Read more ›
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The Russian invasion of Ukraine not only threatens to upend the world geopolitical order, it’s also affecting several different business sectors, notably cybersecurity. For days before and even during the invasion, several Ukrainian government and financial sites experienced hacks and disruptions. There have been reports that the FBI has also asked U.S. businesses to be on the watch … Cybersecurity investment rises amid Russian invasion of Ukraine Read More Read more ›
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SberMarket, a delivery service owned by Sber, the state-controlled financial and digital giant, claims to have tripled its turnover in 2021 to 58.6 billion in 2021 ($800 million at the average exchange rate of the year, including VAT and excluding promotions). The number of delivered orders quadrupled to 24 million in the course of the … With 24 million deliveries in 2021, SberMarket asserts leadership in Russian e-grocery Read More Read more ›
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Hacker collective ‘Anonymous’ has declared a “cyber war” against Russia, claiming to have disabled several Russian government websites and that of RT. Social media accounts claiming to represent the group announced on Thursday evening that they were “officially in cyber war against the Russian government,” and had taken down dozens of websites in response to the country’s military action … Anonymous declare “cyber war” against Russia Read More Read more ›
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From limited military goals and quick troop withdrawal, to a full fledged war effort aiming to control Ukraine in its entirety — with potential further targets among neighbouring countries — the outcome of the Russian military attack on Ukraine that began today is unpredictable. But the impact of these events on the Russian economy and … “A hurricane of discouragement:” How Putin’s war on Ukraine is impacting the Russian tech... Read more ›
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As Russia launches an unprecedented invasion of Ukraine, world leaders are considering what sanctions they could impose to stop President Vladimir Putin in his tracks. These could include cutting off Russia’s access to key technologies such as semiconductors and even the payments service SWIFT, which powers most of the world’s international money transfers. All of this could have potentially have devastating … From semiconductors to payments: How the world could... Read more ›
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Playrix, a global Russian-founded mobile gaming giant, acquired a minority stake in AppQuantum, a Cyprus-based, Russian founded mobile gaming developer and publisher. The deal took place in late 2021 but was announced only in early February. Launched in 2017 by Evgeny Maurus, AppQuantum is behind such titles as Dragon Champions, Evil Clicker and Gold & Goblins. While claiming “dominant positions” in clicker and … Russian-founded gaming giant Playrix continues investment... Read more ›
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Urent, Russia’s largest electric scooter rental operator, has raised 2.09 billion rubles (some $26 million, a considerable amount by local standards) in a round led by MTS. The mobile operator contributed 740 million rubles alongside private asset manager VPE Capital and state-owned fund VEB Ventures, which injected 700 and 650 million rubles, respectively, into the startup. Urent claims to … Russian e-scooter leader Urent secures $26 million from corporate and... Read more ›
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After asserting themselves as chief disruptors in the food delivery industry — fulfilling orders in 15 minutes in cities of Europe (e.g. Jiffy) and North America (e.g. Buyk) — Russian startups are also penetrating neighbouring segments. In urban delivery, mobility, and freight, some of them receive generous support from VC, as illustrated by three recent deals. Next-gen freight broker Last … Russian entrepreneurs want to disrupt delivery, freight and mobility... Read more ›
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In a preview of its 2022 Crypto Crime Report, Chainalysis says that, overall, “roughly 74% of ransomware revenue in 2021 — over $400 million worth of cryptocurrency — went to strains we can say are highly likely to be affiliated with Russia in some way.” Platforms operating mainly on the Russian crypto market launder the bulk of extorted funds, … Report: Large share of global crypto crime comes from Russia... Read more ›
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X5 Group, a leading Russian food retailer, announces an international joint program with Plug and Play to scout for innovative approaches to sustainable development. The program will focus on reducing waste and greenhouse gas emissions as well as sustainable packaging. The program will start in the summer of 2022 with an analysis of the retailer’s … X5 Group teams up with Plug and Play to bring more sustainability to Russian... Read more ›
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Sber, Russia’s state-controlled financial and digital giant (previously known as Sberbank), and the Skolkovo Institute of Science and Technology (Skoltech), intend to develop software program to “evaluate the carbon balance drawing on remote sensing of the Earth.” The program aims to “facilitate the comprehensive [which is] required [to make] effective decarbonization decisions and designing decarbonization … Russian scientists team up to develop carbon balance evaluation software Read More Read more ›
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The Russian government “has determined the future of digital currencies in Russia,” an announcement published late Tuesday stated. The authorities have elaborated a plan to integrate the circulation of cryptocurrencies into Russia’s financial system and to establish control over crypto-related flows in the banking system. Contrasts with the central bank’s recent proposal to impose a ban on crypto trading, investment … Russian authorities finally move to legalize crypto economy Read... Read more ›
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Today’s Google doodle is an image of the Russian State Historical Museum, one of Russia’s oldest and most revered collections of Russian culture and history. It commemorates the museum’s 150th anniversary celebrated on Wednesday. The doodle was created by Russian-guest artist and Muscovite Toma Vagner. “I would like my doodle to serve as a reminder of this beautiful … A Google doodle for the Russian State Historical Museum Read More Read more ›
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Softline, a Russian-founded IT solution and service provider listed on the London and Moscow stock exchanges, is to acquire Umbrella Infocare, an Indian cloud service company. This provider offers “rich and very advanced services expertise” in Amazon Web Services (AWS) and Citrix solutions. Its team of more than 200 people has served some 250 customers across various industries, completing … Softline acquires Indian provider to strengthen global cloud service offering... Read more ›
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On Feb. 1 Lenta, a major Russian retail group listed in both Moscow and London, announced it completed the acquisition of online-retailer Utkonos from Severgroup. Lenta will finance the 20 billion-ruble ($246 million) transaction by an additional issuance of its shares, which will be placed by closed subscription to Severgroup. As reported previously, preemptive rights may be exercised … Russian retail major Lenta acquires e-grocery pioneer Utkonos Read More Read more ›
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Apple has opened a representative office in Russia, the Russian Internet and Telecom regulator said Friday, becoming the first company to comply with new regulations requiring foreign technology firms to localize their operations in the country. Some 13 foreign technology companies are required to open local offices and fulfill a string of other technical requirements, like … Global digital giants must go local: Apple opens representative office in Russia Read... Read more ›
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Earlier this week several top Russian e-commerce companies announced impressive results for 2021, even though brick-and-mortar retail fully reopened in the country. Market leader Wildberries, Nasdaq-listed Ozon, and international platform AliExpress Russia significantly overperformed the market, which grew by at least 40% according to preliminary estimates (InfoLine). Wildberries: +93% Wildberries announced the turnover of its marketplace … Russian e-commerce keeps growing fast: market leaders doubled sal Read more ›
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Bitcoin and cryptocurrencies are at a tipping point as two rival major world powers – the U.S. and Russia – both appear to be moving towards state acceptance of digital money, affirms the CEO of global financial giant deVere Group. The bold assertion from Nigel Green comes as the Biden administration is preparing an executive … US and Russia eyeing bitcoin: A moment of critical mass for crypto? Read More Read more ›
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On Monday, Jan. 31, a Moscow court rejected Booking.com’s appeal against a 1.3 billion ruble fine ($17 million at the current exchange rate) in relation with alleged violation of the antimonopoly legislation. While expressing its “disappointment” with the ruling, Booking.com said it intends to pay the fine. The company does not rule out “further legal … Booking.com to pay 1.3 billion ruble fine over abuse of dominant position Read More Read more ›
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27.11.2024 05:39
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