Russia’s Yandex to spend 0-500 million on e-commerce in 2021 after profit rise

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

MOSCOW (Reuters) – 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.

FILE PHOTO: The company logo is seen on the headquarters building of Yandex company, in Moscow June 14, 2012. REUTERS/Maxim Shemetov

Yandex’s core advertising business took a hit during the…


Source link

About search

Check Also

Nasdaq tells Yandex, other Russian firms of plan to delist stocks – Yahoo Sport Australia

Insiders Sell, Yandex Plummets. Should You Worry? – AOL

[unable to retrieve full-text content]Insiders Sell, Yandex Plummets. Should You Worry?  AOL Source link

Leave a Reply

Your email address will not be published. Required fields are marked *