Russia’s Yandex ups 2021 e-commerce investment plan after strong Q2


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By Alexander Marrow

MOSCOW (Reuters) -Russian internet giant Yandex said on Wednesday it intends to spend around $650 million on e-commerce initiatives this year, more than previously planned, after reporting strong second-quarter results and upgrading its 2021 revenue forecast.

Group revenue this year should now be between 330 and 340 billion roubles ($4.49-$4.63 billion),…


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