Tag Archives: Russian

Look Beyond Putin and Oil to the Sweet Spot in Russian Stocks

Russia’s online retailer Ozon’s logistics center outside the town of Tver. Ozon is Russia’s pure-play e-commerce stock. KIRILL KUDRYAVTSEV/AFP via Getty Images Text size Vladimir Putin has worked long and hard to foster the impression that he is Russia. Investors believe him. Russian stocks wax and wane with… Source link

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Russian internet giant Yandex acquires online fashion retailer KupiVIP

Pic: KupiVIP Russian internet-giant Yandex has announced that it is acquiring the online fashion retailer KupiVIP for integrating it in Yandex.Market, a platform for displaying products by retail and online stores. The acquisition is expected to help Yandex accelerate its entry into the apparel and footwear market. The deal will be completed in Q3 2021. The acquisition is subject to regulatory approvals and the terms have not been disclosed. This year, Yandex plans to spend… Source link

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Yandex, Russian Post expand cooperation on e-commerce – Telecompaper EN

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Russian Tech Giant Yandex Acquires KupiVIP

Yandex.Market is one of Russia’s leading e-commerce platform players. Shutterstock Yandex not only has a widespread technology portfolio that has led it being called “Russia’s Google”, the company’s Yandex.Market also makes it one of Russia’s main e-commerce platform players. It has now taken aim at the fashion retail sector by acquiring online fashion destination, KupiVIP,… Source link

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Russian tech company Yandex tests robotaxis in U.S. college town

Yandex has partnered with Amer’s Deli to deliver food with the Rovers, six-wheeled delivery bots that weigh about 150 pounds and are large enough to carry the equivalent of five large pizzas. By fall, the company anticipates adding more restaurants to its delivery offerings here. Ramping up those operations this spring is not as arduous as starting from scratch, Vorobev says, in part because Yandex already has self-driving test vehicles on Ann Arbor roads. The company deployed seven of its… Source link

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Russian Online Giant Yandex Improves Revenue Outlook As E-Commerce Booms

Russian internet giant Yandex has raised its 2021 revenue forecast, saying that strong growth in newer business areas such as e-commerce and food delivery pushed advertising’s share of group revenues below 50% for the first time. Yandex’s advertising and search business, still the driving force of its profits, has recovered from a hit during the early stages of the COVID-19 pandemic. At the same time, its revenue growth has been outpaced by the newer business… Source link

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Russian competition watchdog opens case against Google over YouTube curbs

A 3D printed Google logo is seen in this illustration taken April 12, 2020. REUTERS/Dado Ruvic/Illustration/File Photo Russia’s Federal Antimonopoly Service (FAS) said on Monday it had initiated proceedings against U.S. tech giant Alphabet Inc’s (GOOGL.O) Google for allegedly abusing its dominant market position in video hosting services. Google has already come under pressure from the authorities this year for failing to delete what Russia calls banned content. Other western internet… Source link

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