Tag Archives: ambitions

Russia’s internet major Yandex is maintaining ambitious plans in the e-commerce space for this year and sees its ecosystem as a key competitive advantage, Sova Capital wrote on March 11 after a call with Yandex executives and investors. As reported by bne IntelliNews, in 2021 Yandex for the fifth year in a row topped the list of most valuable tech and internet companies with a valuation of $23bn. Its investment case now rests on… Source link

Google’s newly finalized purchase of Fitbit is poised to provide the tech giant with a potentially lucrative toehold into two competitive markets: clinical trials and employer benefits. The $2.1 billion buyout could give Google an edge in the race to court employers and health plans as companies seek to boost staff benefits amid the pandemic, industry observers told STAT. The acquisition also sets Google up to more closely compete with Apple in the clinical trial space using Fitbit’s… Source link

A $1.6bn tech joint venture between Russia’s giant state-owned bank Sberbank and Mail.ru, the owner of the country’s largest social network, has been plagued by management and cultural clashes that may lead to a “divorce”, according to several people familiar with the situation. Sberbank and Mail.ru announced the JV last July, pledging to combine their ride-hailing, food apps and delivery services to create Russia’s “leading platform in mobility and food… Source link