Tag Archives: Russias

Yandex, the so-called ‘Google of Russia’, has announced it has agreed to buy online fashion retailer KupiVIP. The deal will be completed after the summer. Yandex will buy and then integrate online clothing store KupiVIP into Yandex.Market, the company said in a statement Monday. The deal should be completed in the third quarter of this year, once it gets approval of the Federal Antimonopoly Service, Yandex said. According to the statement, the deal will allow Yandex.Market to… Source link

MOSCOW, May 31 (Reuters) – Russian internet giant Yandex on Monday said it had agreed to buy online fashion retailer KupiVIP on undisclosed terms to enhance its Yandex.Market e-commerce offering. Sometimes described as Russia’s Google, Yandex offers a raft of services, from advertising and searches to ride-hailing and food delivery, and has said it plans to spend $400-500 million on an e-commerce drive this year. The deal is subject to regulatory approval and should be completed in the third… Source link

Bloomberg Stock Splits Are Back. So Is the Debate Over Whether They Matter (Bloomberg) — Stock splits are back in vogue among big U.S. companies, reviving a debate about whether the practice that had fallen out of favor for years is worth the fuss.Last week, Nvidia Corp. became the eighth company in the S&P 500 Index to announce a split in the past year, joining big names like Apple Inc. and Tesla Inc. That’s the most over a comparable period in six years, according to data compiled by… Source link

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

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

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

Yandex said on Thursday it had agreed to buy mid-sized bank Acropol for 1.1 billion roubles ($14.8 million), a move that will secure a banking licence for the Russian internet company so that it can develop financial services. Yandex has sought a means to develop its fintech offering after its split from a joint venture with state lender Sberbank last summer meant it ceded control of e-payment service Yandex.Money. In October, a $5.48… Source link

Bloomberg Shock and Tears: Behind Vanguard’s Retreat From China’s Market (Bloomberg) — Vanguard Group Inc. staff who dialed into a video call from their desks on the 40th floor of the Shanghai World Financial Center last month were expecting a morale-boosting speech from regional head Scott Conking on how the U.S. fund giant would tackle the Chinese market after years of preparation.Instead, Conking said the $7 trillion money manager was abandoning its push for a mutual fund license. The… Source link

Bloomberg Reluctant Emerging Asia Could Delay Rate Hikes Until 2022 (Bloomberg) — Emerging Asia’s central banks are expected to opt for supporting their economic recoveries rather than tackling volatile price swings this year.All eight emerging Asian economies, including India and Indonesia, are seen holding benchmark interest rates steady through 2021, according to the median forecasts from Bloomberg surveys of economists.Higher real interest rates will allow some of Asia’s central banks… Source link

Russian internet giant Yandex (YNDX.O) is set to launch its online grocery delivery in Paris in the second quarter of this year, the company said on Friday, after strong demand in Russia during the COVID-19 pandemic. Russia’s e-commerce market boomed last year as lockdown restrictions kept shoppers at home, with Yandex.Lavka, a 15-minute grocery delivery service, one of the main beneficiaries. Yango, the international arm of Yandex Go, the firm’s taxi aggregator and food tech business,… Source link