MOSCOW Russia's Yandex, which on Tuesday reported a 2% rise in 2020 net profit, plans to spend $400 million-$500 million on an e-commerce push this year to help annual revenue reach 305-320 billion roubles ($4.1-4.3 billion), its finance chief said.
A draft law proposing to limit foreign shareholdings in Russian companies that offer online video streaming services to 20% could worsen the investment climate, a spokesperson for internet giant Yandex told Reuters on Monday.
MOSCOW A Russian lawmaker submitted draft legislation on Tuesday that would cut and cap the commission on the sale of mobile applications by tech giants Apple and Google.
MOSCOW AliExpress Russia, an e-commerce venture between Chinese online shopping giant Alibaba and Russian partners, said it was aiming for annual turnover of $10 billion by 2022-2023, up from what analysts estimate is about $6 billion now.
MOSCOW Yandex has doubled the size of its new share offering to $400 million, the Russian internet giant said on Thursday, which combined with private placements will raise $1 billion to finance acquisitions and growth.
MOSCOW Russian internet giant Yandex is interested in taking full control of its Yandex.Taxi ride-hailing service, a joint venture with Uber which returned to pre-pandemic growth levels in June.
MOSCOW Russian conglomerate Sistema and the Russia-China Investment Fund (RCIF) have cut their stakes in children's goods retailer Detsky Mir in Moscow's first share offering since the coronavirus pandemic struck.
MOSCOW A mobile game developer founded in Russia registered record profits during coronavirus lockdowns around the globe as more people downloaded games while confined to their homes, one of its founders said.
MOSCOW, June 5 A mobile game developer founded
in Russia registered record profits during coronavirus lockdowns
around the globe as more people downloaded games while confined
to their homes, one of its founders said.
(This June 1 story corrects to make clear throughout that Wheely provides ride-hailing services)