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Shares of Russian internet major Yandex jumped by 14% on the Moscow Exchange on September 23, on top of 11% gain on September 22, to record-high RUB5,300 ($69) per share on the announcement of the acquisition of Russia’s only pure online bank Tinkoff from the banking TCS Group.  As reported by bne… Source link

A visitor walks past a logo displayed in the reception area at the headquarters of Yandex NV in Moscow. Photographer: Alexander Zemlianichenko Jr./Bloomberg Photographer: Alexander Zemlianichenko Jr./Bloomberg Months after… Source link

Yandex will increase its stake in the new company (Yandex SDG) to 73% and invest anadditional $150 million in its future development MOSCOW and AMSTERDAM, Sept. 04, 2020 (GLOBE NEWSWIRE) — Yandex N.V. (NASDAQ and MOEX: YNDX) and Uber today entered into agreements to spin off the self-driving vehicles business, Yandex Self Driving Group B.V. (“Yandex SDG”) from their ride-hailing and foodtech joint venture, MLU B.V. Following these transactions, Yandex SDG will be directly owned by… Source link

Self-driving cars are still many years away from becoming a ubiquitous reality, but today, one of the bigger efforts to build and develop them is taking a significant step out as part of its strategy to be at the forefront for when they do. Yandex — the publicly traded Russian tech giant that started as a search engine but has expanded into a number of other, related areas (similar to U.S. counterpart Google) — today announced that it is spinning out its self-driving car unit from… Source link

One or more Nest Minis on your media console can give your TV audio the extra oomph it needs. Chris Monroe/CNET One of the… Source link

[unable to retrieve full-text content]Microsoft and Walmart look to boost ads, e-commerce with TikTok deal  Axios Source link

As Microsoft and Walmart work together on a deal to buy TikTok’s U.S. business from China’s ByteDance, the giants each see fresh opportunities to expand into long-coveted markets — advertising in Microsoft’s case and e-commerce for Walmart. But both companies have decidedly mixed track records in these realms. By the numbers: Walmart currently makes less than 8% of its total revenue on e-commerce, despite pricey forays into the industry, like its $3.3 billion acquisition of the now-defunct… Source link

This is the web variation of Data Sheet, Fortune’s day-to-day newsletter on the leading tech news. To get it provided day-to-day to your in-box, register here There’s a great factor I rapidly dismissed the possibility of Oracle buying TikTo k: I am not a financial investment lender. Oracle is not a customer business. “Oracle provides products and services that address enterprise information technology (IT) environments,” is the very first line in its yearly report. The word… Source link

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New services appear at breakneck speed. Around Moscow, Yandex is testing a fleet of over 100 driverless cars, work that even the coronavirus was unable to pause. Yandex Lavka (“Yandex Shop”), a grocery delivery app that launched in June last year, guarantees deliveries within 15 minutes, faster than anything Amazon offers. One of the brains behind the project, Ilya Krasilshchik, 33, remembers how, during Russia’s turbulent transition to a market economy in the early 1990s, his mother… Source link