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New Economy Observer (NEO) @ East-West Digital News 1 place · 01/03/2022 01:53 EDT

Russia’s convenience craze shakes up healthcare

At a recent roundtable event “Digital Toolkits for Medical Projects”, the Russian Ministry for Economic Development announced that it was considering legislative measures to facilitate the testing of new technologies in healthcare. “This experimental regime for telemedicine and prescriptions will increase the availability of consultations for patients and increase the speed of medical care without the need … Russia’s convenience craze shakes up healthcare Read More Read more

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East-West Digital News
East-West Digital News @ East-West Digital News 1 place · 12/31/2021 00:34 EDT

VCs increasingly bet on Russian-founded startup operating abroad — rather than on domestic ones, says market data

The Untitled, one of the most established Russian VC firms operating in Russia and Eastern Europe, has just published on Medium an insightful post on the latest trends of the Russian venture market.  In 2021, this market apparently grew almost 3.5 times, from 24.9 billion rubles (around $330 million) to 85.2 billion rubles ($1.1 billion) — due essentially … VCs increasingly bet on Russian-founded startup operating abroad — rather than... Read more

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East-West Digital News
East-West Digital News @ East-West Digital News 2 place · 12/30/2021 01:53 EDT

Russian IoT startup receives $5.4 million in state money to develop in Western markets

Mircod, a Russian “IoT-as-a-servce” company, has just received  400 million rubles ($5.4 million) from state-owned development corporation VEB.RF via its affiliate fund VEB Ventures, reports business daily Kommersant.  Established in 2016 in Tatarstan, a tech friendly region of Russia, Mircod enables rapid prototyping of IoT products and solutions. It has developed a “centralized platform to automate the development of IoT … Russian IoT startup receives $5.4 million in state money... Read more

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East-West Digital News
The Moscow Times @ East-West Digital News 2 place · 12/29/2021 13:54 EDT

Russia to require Netflix to stream state television broadcasts

Roskomnadzor, the Russian Internet and telecom regulator, will require Netflix to offer state television channels to its Russian customers after it added the U.S.-based streaming service to its register of “audio-visual services” Tuesday. Roskomnadzor’s register, which was created in late 2020, applies to online streaming services with over 100,000 daily users and requires them to comply … Russia to require Netflix to stream state television broadcasts Read More Read more

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East-West Digital News
Editor @ East-West Digital News 1 place · 12/28/2021 13:10 EDT

Russia imposes record fines to Google, Meta for failing to remove banned content

On Friday last week, Russia slapped tech giants Google and Meta with penalties totaling over $125 million for repeated failure to remove banned content, the media reported. A Moscow magistrate’s court fined Google 7.2 billion rubles (around $98 million at the current exchange rate) under a legal clause that allows courts to impose between 5% and … Russia imposes record fines to Google, Meta for failing to remove banned content... Read more

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East-West Digital News
Editor @ East-West Digital News 1 place · 12/27/2021 12:20 EDT

Irene Shvakman, BNPL pioneer in Eastern Europe: “Clear regulation is needed to maintain online consumers’ trust in delayed payment offers”

As Buy Now Pay Later (BNPL) has become a popular way for consumers around the globe to settle their purchases, Russia’s Central Bank is seeking to regulate this activity. In an exchange with East-West Digital News, industry pioneer Irene Shvakman – she co-founded Russia’s first BNPL service even before today’s Western leaders appeared – comments … Irene Shvakman, BNPL pioneer in Eastern Europe: “Clear regulation is needed to maintain online... Read more

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East-West Digital News
East-West Digital News @ East-West Digital News 2 place · 12/27/2021 00:00 EDT

AI-powered medical diagnosis becomes common practice in Moscow

No less than two million preliminary diagnoses using a neural network were made to date in Moscow during medical home visits, city authorities announced last week. “Today, the latest digital tools are used in routine medical practice in all adult polyclinics relies – including a medical decision support system (MDSS) allowing for AI-powered preliminary diagnoses,” according Moscow’s Department of Information Technologies (DIT). After the practitioner enters the patient’s … AI-powered... Read more

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East-West Digital News
East-West Digital News @ East-West Digital News 1 place · 12/24/2021 00:18 EDT

New East Tech Awards highlights 11 promising startups from Russia, Estonia, Ukraine

On Dec. 22 New East Tech Awards highlighted 11 startups from Eastern Europe operating in a variety of fields. One of the winners has roots in Ukraine, three are from Estonia, the others were located in Russia or founded by Russians.  The awarded companies received investment proposals from The Untitled, one of the most active … New East Tech Awards highlights 11 promising startups from Russia, Estonia, Ukraine Read More Read more

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East-West Digital News
East-West Digital News @ East-West Digital News 1 place · 12/23/2021 00:06 EDT

Russian startup raises $2.25 million to teach psychology, economics, fashion, critical thinking and much more

Russian online education platform ‘Synchronization,’ launched by in 2015, has raised $2.25 million, reports business daily Kommersant. The round was led by investment holding Avenir and Rusagro co-owner Maxim Basov. The deal also involved the Adfirst VC and and individual investors Stas Korostelev, Mikhail Tsyferov, Anton Volkov, as well as co-founders of the Setters communication … Russian startup raises $2.25 million to teach psychology, economics, fashion, critical thinking and much... Read more

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East-West Digital News
East-West Digital News @ East-West Digital News 2 place · 12/22/2021 02:52 EDT

From diamond to unicorn: Aysen Nikolayev, Head of Yakutia, comments on IT developments in the world’s coldest region

Geographers know Yakutia (also called Republic of Sakha) for its cold temperature, its capital Yakutsk being the world’s coldest large city. Economists and businessmen are aware of its considerable wealths in terms mineral exploitation, with a focus on diamond, gold, and tin ore mining industries. But Yakutia has also engaged on the road to technology development, with important achievements in terms of telecom infrastructure and notable … From diamond to... Read more

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East-West Digital News
VK Company @ East-West Digital News 3 place · 12/22/2021 01:22 EDT

VK launches information security system overhaul and user data protection program update

VK is launching a new program designed to protect users and their data – VK Protect. The program will bring together all technical solutions that provide protection within the VK ecosystem, and will also assist users in managing their privacy and using tools to protect their information. “We are working on a comprehensive system to improve … VK launches information security system overhaul and user data protection program update Read... Read more

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East-West Digital News
East-West Digital News @ East-West Digital News 1 place · 12/20/2021 20:51 EDT

Retail major Lenta buys e-grocery pioneer Utkonos for $270 million

Last week Lenta announced an agreement to acquire online-retailer Utkonos from Severgroup. The parties expect to complete the transaction in February 2022.  A major Russian retail group listed in both Moscow and London, Lenta aims to “create a leading e-grocery platform covering all key shopping missions and market segments.” Lenta will also “significantly expand its online … Retail major Lenta buys e-grocery pioneer Utkonos for $270 million Read More Read more

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East-West Digital News
East-West Digital News @ East-West Digital News 2 place · 12/20/2021 16:53 EDT

Russian e-commerce leader Wildberries makes first steps on UK market

Wildberries, the number one Russian e-commerce company, has launched sales on the UK market, its “19th country of presence.” As reported by the TASS news agency, Wildberries offers UK customers no less than 5.5 million goods from 164,000 international brands — from apparel and footwear, to beauty goods, toys, electronics and books.  In addition to … Russian e-commerce leader Wildberries makes first steps on UK market Read More Read more

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East-West Digital News
East-West Digital News @ East-West Digital News 2 place · 12/19/2021 23:06 EDT

Nasdaq-listed Cian.ru bans racial discrimination in rental ads

Earlier this month — just weeks after it began trading on the Nasdaq — Russian online real estate service Cian.ru announced “changes in publication rules” and started deleting ads offering rentals “for Slavs only.” According to this new policy, “advertising text must not contain direct or indirect discrimination, nor incitement to discrimination based on race or ethnicity (including indicators such as … Nasdaq-listed Cian.ru bans racial discrimination in rental ads... Read more

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East-West Digital News
New Economy Observer (NEO) @ East-West Digital News 1 place · 12/17/2021 00:37 EDT

Avito becomes world’s most visited classified ads site

While America’s Craigslist is the most recognisable online classifieds platform, it’s in emerging markets that the segment is really taking off. According to digital analytics service Similarweb, the most visited classified ads website in the world for November 2021 was Russia’s Avito, which displaced Craigslist from the top spot for the first time. Avito is billed … Avito becomes world’s most visited classified ads site Read More Read more

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East-West Digital News
East-West Digital News @ East-West Digital News 1 place · 12/15/2021 17:25 EDT

Yandex returns more conspiracy-promoting content than Google and other search engines

Four scholars from Swiss and German universities studied “the presence of pages promoting conspiracy theories” across the world’s main search engines by “conducting a comparative algorithm audit to examine the distribution of conspiratorial information” in their search results. Juhi Kulshrestha, Mykola Makhortykh, Roberto Ulloa and Aleksandra Urman used a virtual agent-based infrastructure to “sytematically collect search outputs for … Yandex returns more conspiracy-promoting content than Google and other Read more

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East-West Digital News
The Bell @ East-West Digital News 2 place · 12/15/2021 14:10 EDT

Former US citizen and Ulmart co-owner August Meyer arrested in St. Petersburg

August Meyer, co-owner of cosmetics chain Rive Gauche and former co-owner of now defunct online retail Ulmart — was arrested Wednesday last week in St. Petersburg. Meyer and his wife, Inna Meyer, are suspected of embezzling 2.4 billion rubles ($32.6 million at the current exchange rate) from state-owned bank Sberbank on the pretext of developing Ulmart shortly … Former US citizen and Ulmart co-owner August Meyer arrested in St. Petersburg... Read more

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East-West Digital News
East-West Digital News @ East-West Digital News 1 place · 12/14/2021 18:12 EDT

MTS acquires Russian-founded biometrics major VisionLabs

Intema, the AI accelerator and venture fund launched by mobile operator MTS this past September, is set to acquire biometrics firm VisionLabs.  A leading developer of AI-powered computer vision solutions, VisionLabs drew international attention in the mid-2010s. Sber invested in the company in 2017 as part of a plan to develop an in-house biometrics platform. The company is now headquartered in the Netherlands. Interna is committed to acquire a 100%... Read more

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East-West Digital News
East-West Digital News @ East-West Digital News 2 place · 12/14/2021 02:36 EDT

Russian-born startup raises $3 million to make students’ education dreams come true

StudyFree, an edtech startup born in Russia in 2018, has just secured $3 million to continue its international expansion. The investor pool includes I2BF Global Ventures and TMT Investments, two funds with Russian connections, Techstars, as well as Andrey Doronichev and Mikita Mikado.  The former, Google’s ex-director of product management, is a figure of the Russian-speaking community … Russian-born startup raises $3 million to make students’ education dreams come true... Read more

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East-West Digital News
East-West Digital News @ East-West Digital News 1 place · 12/13/2021 02:18 EDT

Skolkovo to host new tech park for “greener technologies, production processes and supply chains”

Last week, on the sidelines of the Open Innovations international forum, Skolkovo Foundation and Helyx Technologies inked a cooperation agreement to implement a “green tech park.” The initiative builds on the GreenTech Startup Booster, launched last year, which is now touted as “the largest international program for the development and implementation of technological projects in the field of ecology.” “The project … Skolkovo to host new tech park for “greener... Read more

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