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Business & Legal Environment

May 08, 2017

University, state and private business team up in joint VC fund

How much each of the partners is bringing into the venture has yet to be specified

May 07, 2017

Report: One third of Russian online consumers make purchases via smartphones

Yandex.Market, a major Russian e-commerce marketplace, has teamed up with GfK Rus to study the latest trends in mobile commerce in Russia

Apr 18, 2017

VK now supports payments to e-merchants and online communities

In addition to stimulating social commerce, these features are presented a first step towards transforming public pages into crowdfunding platforms

Apr 17, 2017

Brain4Net raises $1 million from LETA Capital

LETA Capital venture fund has invested a further $1 million in Skolkovo startup Brain4Net, a leading Russian developer of software for upgrading and managing networks.

Mar 30, 2017

Sberbank inks R&D partnership on data analysis and artificial intelligence with top Moscow universities

Dubbed “CMC-Sberbank,” the new lab will function as an R&D center focusing on statistical methods for big data analysis and machine learning

Mar 07, 2017

Mail.ru Group launches international ride sharing service

Dubbed ‘Beepcar,’ the service is available in Russian and English languages

Mar 06, 2017

Intel’s acquisition of Soft Machines confirmed; Russian state-backed funds exited with profit

The terms of the deals have not been disclosed officially, but media reports have put the acquisition price at $250 million or $300 million in cash or shares

Feb 14, 2017

Sberbank offers $588 million loan to help Megafon take control of Mail.ru Group

The bank will also lower interest rates on three existing credit lines amounting to 97.2 billion roubles.

Feb 02, 2017

Rostelecom invests in electronic document exchange technology provider

Rostelecom and TransInfoTech seek to jointly introduce the international e-freight standard to other means of transportation, including marine, automobile and rail transport, and aviation

Jan 19, 2017

Alexander Mamut buys Vladimir Potanin’s stake in Rambler&Co

Alexander Mamut is now the sole owner of Rambler&Co, Russia’s fourth Internet group in terms of audience, via his investment vehicle A&NN Investments

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