Tag Archives: Russias

MOSCOW (Reuters) -Russian internet giant Yandex said on Tuesday it would buy Uber’s stakes in their joint foodtech, delivery and self-driving businesses, and increase its stake in a mobility-focused joint venture as part of a $1 billion deal. The company added that it had received a call option to purchase Uber’s remaining stake in mobility businesses for up to $2 billion. The restructured joint venture MLU will continue to focus on mobility businesses, including ride-hailing and car… Source link

An Uber logo is seen during the global outbreak of the coronavirus disease (COVID-19), in Redondo Beach, Los Angeles, California, U.S., November 2, 2020. REUTERS/Lucy Nicholson MOSCOW, Aug 31 (Reuters) – Russian internet giant Yandex (YNDX.O) said on Tuesday it would buy Uber’s (UBER.N) stakes in their joint foodtech, delivery and self-driving businesses, and increase its stake in a mobility-focused joint venture as part of a $1 billion deal. The company added it had received a call option to… Source link

Russian internet giant Yandex has announced that its Yango Deli online grocery service has launched in Paris. The French capital is the first European city to host the Yango Deli service, which was launched in Russia under the Yandex.Lavka name in 2019, before being rolled out to Tel Aviv. Yango Deli will commence operations with four ‘dark store’ warehouses, strategically located around Paris, promising 15 minute delivery times to a customer base of approximately… Source link

Russian technology giant Yandex has launched its ultra-fast grocery delivery service in Paris, the company said Tuesday. The service — named Yandex Lavka in Russia — will operate under the brand name of “Yango Deli,” offering 15-minute grocery delivery to addresses across the French capital. Paris marks the first European market the company is hoping to break into, following a launch in Israel at the end of 2020. The company plans to launch in London later this… Source link

Paris became the first European city where Yandex started offering grocery service after Yango, the international arm of Yandex Go, the firm’s taxi aggregator and food tech business, tapped the delivery market in Israel last year. Yandex said in a statement it will deliver orders in Paris within 10-15 minutes, using so-called dark stores, dedicated warehouses that cater only to online clients, allowing for swift delivery and cheaper rental costs. “Yandex’s own… Source link

MOSCOW, Aug 24 (Reuters) – Russian internet giant Yandex has launched an online grocery delivery service in Paris under the Yango Deli brand, it said on Tuesday, pursuing global expansion as the COVID-19 pandemic continues to drive demand for online delivery services. Paris became the first European city where Yandex started offering grocery service after Yango, the international arm of Yandex Go, the firm’s taxi aggregator and food tech business, tapped the delivery market in Israel last… Source link

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here. 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),… Source link

MOSCOW, July 28 (Reuters) – Russian internet firm Yandex plans to invest around $650 million in e-commerce projects this year, Chief Financial Officer Svetlana Demyashkevich said on Wednesday, higher than the previous plan of $400-500 million. Demyashkevich said Yandex, which reported strong second-quarter results earlier on Wednesday, was committed to allocating substantial capital in its e-commerce initiatives, but said providing a specific figure for next year and beyond was hard…. Source link

MOSCOW, July 28 (Reuters) – Russian internet firm Yandex plans to invest around $650 million in e-commerce projects this year, Chief Financial Officer Svetlana Demyashkevich said on Wednesday, higher than the previous plan of $400-500 million. Demyashkevich said Yandex, which reported strong second-quarter results earlier on Wednesday, was committed to allocating substantial capital in its e-commerce initiatives, but said providing a specific figure for next year and beyond was hard…. Source link

MOSCOW, July 28 (Reuters) – Russian internet firm Yandex plans to invest around $650 million in e-commerce projects this year, Chief Financial Officer Svetlana Demyashkevich said on Wednesday, higher than the previous plan of $400-500 million. Demyashkevich said Yandex, which reported strong second-quarter results earlier on Wednesday, was committed to allocating substantial capital in its e-commerce initiatives, but said providing a specific figure for next year and beyond was hard…. Source link