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International

Nadezhda Tsydenova

Russia's Yandex to spend $400-500 million on e-commerce in 2021 after profit rise

Feb 16 2021

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.

Yandex warns against limiting foreign ownership in Russian online streaming services

Dec 21 2020

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.

Russian lawmaker tries to curb mobile app payouts for Apple and Google

Sep 01 2020

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.

AliExpress Russia eyes $10 billion turnover by 2022-2023, up an estimated 66%

Jul 10 2020

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.

Russia's Yandex, seeking funds for growth, doubles new share offering

Jun 25 2020

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.

Russia's Yandex after full control of taxi business as ride-hailing bounces back

Jun 24 2020

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.

Detsky Mir co-owners cuts stakes in Russia's first pandemic share sale

Jun 17 2020

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.

Russian mobile game developer makes record profits during lockdowns

Jun 05 2020

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.

Russian mobile game developer makes record profits during lockdowns

Jun 05 2020

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.

Ride-hailing service Wheely risks Moscow ban in dispute over geolocation data

Jun 02 2020

(This June 1 story corrects to make clear throughout that Wheely provides ride-hailing services)

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