Tag Archives: Russias

MOSCOW (Reuters) -Russian internet giant Yandex on Wednesday reported a 34% rise in second-quarter adjusted net income compared with a year ago and raised its 2021 group revenue forecast to between 330 and 340 billion roubles ($4.49-$4.63 billion). Yandex, which is spending $400-500 million on an e-commerce drive this year to tap into the pandemic-driven surge for online services, said gross merchandise volumes (GMV) for its e-commerce businesses jumped 155% to 35.1 billion roubles year on… Source link

The logo of Russian internet group Yandex is pictured at the company’s headquarter in Moscow, Russia October 4, 2018. REUTERS/Shamil Zhumatov/File Photo MOSCOW, July 28 (Reuters) – Russian internet giant Yandex (YNDX.O) on Wednesday reported a 34% rise in second-quarter adjusted net income compared with a year ago and raised its 2021 group revenue forecast to between 330 and 340 billion roubles ($4.49-$4.63 billion). Yandex, which is spending $400-500 million on an e-commerce drive this year… Source link

MOSCOW (Reuters) – Russian internet giant Yandex on Wednesday reported a 34% rise in second-quarter adjusted net income compared with a year ago and raised its 2021 group revenue forecast to between 330 and 340 billion roubles ($4.49-$4.63 billion). Yandex, which is spending $400-500 million on an e-commerce drive this year to tap into surging demand for online services during the pandemic, said gross merchandise volumes for its e-commerce businesses jumped 155% to 35.1 billion roubles… Source link

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), Yandex said, up from 315-330 billion roubles previously. Second-quarter revenue jumped 70% year-on-year to 81.4 billion… Source link

Pic: Yandex.ru Russian tech giant Yandex last week announced pulling out of a deal to buy online fashion retailer KupiVIP, but said it is considering alternative outlets in the field of fashion. In May, it had agreed to buy the online retailer on undisclosed terms to enhance its Yandex.Market, a free platform for displaying products by retail and online stores. The deal was expected to be completed in the third quarter of this year. “Yandex.Market will not exercise its option to… Source link

What do you want to watch? Well, if the answer is a foreign-language film or TV show, and there’s no translated version available, you might be out of luck. Now one of Russia’s biggest tech firms is working on a solution. In a statement released last week, digital services giant Yandex revealed it has been working on a software prototype that would allow users to watch videos in their browser in another language. The program is capable of simultaneously translating the… Source link

Yandex.Market is one of Russia’s leading e-commerce platform players. Shutterstock Russian tech giant, Yandex, has decided not to proceed with its purchase of fashion e-commerce player, KupiVIP, according to Russian media reports. 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… Source link

MOSCOW (Reuters) – Russian tech giant Yandex said on Friday it was pulling out of a deal to buy online fashion retailer KupiVIP, but is considering alternative outlets in the fashion sector. Yandex said in May it had agreed to buy the online retailer on undisclosed terms to enhance its Yandex.Market offering. “Yandex.Market will not exercise its option to buy the KupiVIP group,” Yandex said in a statement. (Reporting by Gleb Stolyarov; Writing by Alexander Marrow; editing by David Evans) Source link

Employees move boxes at a logistics centre of the Yandex.Market e-commerce platform in Moscow, Russia June 21, 2021. REUTERS/Evgenia Novozhenina/Files MOSCOW, July 9 (Reuters) – Russian tech giant Yandex (YNDX.O) said on Friday it was pulling out of a deal to buy online fashion retailer KupiVIP, but is considering alternative outlets in the fashion sector. Yandex said in May it had agreed to buy the online retailer on undisclosed terms to enhance its Yandex.Market offering. “Yandex.Market will… Source link

MOSCOW, July 9 (Reuters) – Russian tech giant Yandex said on Friday it was pulling out of a deal to buy online fashion retailer KupiVIP, but is considering alternative outlets in the fashion sector. Yandex said in May it had agreed to buy the online retailer on undisclosed terms to enhance its Yandex.Market offering. “Yandex.Market will not exercise its option to buy the KupiVIP group,” Yandex said in a statement. (Reporting by Gleb Stolyarov; Writing by Alexander Marrow; editing by David Evans) Source link