MOSCOW, May 31 (Reuters) – Russian internet giant Yandex on Monday said it had agreed to buy online fashion retailer KupiVIP on undisclosed terms to enhance its Yandex.Market e-commerce offering.
Sometimes described as Russia’s Google, Yandex offers a raft of services, from advertising and searches to ride-hailing and food delivery, and has said it plans to spend $400-500 million on an e-commerce drive this year.
The deal is subject to regulatory approval and should be completed in the third…
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