Edition:
India

Nadezhda Tsydenova

AliExpress Russia eyes $10 billion turnover by 2022-2023, up an estimated 66%

10 Jul 2020

MOSCOW AliExpress Russia, an e-commerce venture between Chinese online shopping giant Alibaba and Russian partners, said it was aiming for annual turnover of $10 billion by 2022-2023, up from what analysts estimate is about $6 billion now.

Russia's Yandex, seeking funds for growth, doubles new share offering

25 Jun 2020

MOSCOW Yandex has doubled the size of its new share offering to $400 million, the Russian internet giant said on Thursday, which combined with private placements will raise $1 billion to finance acquisitions and growth.

Russia's Yandex after full control of taxi business as ride-hailing bounces back

24 Jun 2020

MOSCOW Russian internet giant Yandex is interested in taking full control of its Yandex.Taxi ride-hailing service, a joint venture with Uber which returned to pre-pandemic growth levels in June.

Detsky Mir co-owners cuts stakes in Russia's first pandemic share sale

17 Jun 2020

MOSCOW Russian conglomerate Sistema and the Russia-China Investment Fund (RCIF) have cut their stakes in children's goods retailer Detsky Mir in Moscow's first share offering since the coronavirus pandemic struck.

Russian mobile game developer makes record profits during lockdowns

05 Jun 2020

MOSCOW A mobile game developer founded in Russia registered record profits during coronavirus lockdowns around the globe as more people downloaded games while confined to their homes, one of its founders said.

Ride-hailing service Wheely risks Moscow ban in dispute over geolocation data

02 Jun 2020

(Refiles June 1 story to make clear throughout that Wheely provides ride-hailing services)

Yandex's fuel payment service booms as Russians go contactless in pandemic

27 May 2020

MOSCOW Russian internet giant Yandex has seen a surge in use of its contactless payments service at petrol stations during the coronavirus pandemic, sparking fears among some station owners of a plunge in business at their shops.

Russia's Yandex.Taxi targets continued profitability even as rides plummet

28 Apr 2020

MOSCOW Yandex.Taxi, the ride-hailing arm of Russian internet giant Yandex , is hoping to remain profitable in the second half of this year despite a sharp drop in sales as coronavirus restrictions keep people across the country at home.

Russia's Yandex.Taxi targets continued profitability even as rides plummet

28 Apr 2020

MOSCOW, April 28 Yandex.Taxi, the ride-hailing arm of Russian internet giant Yandex, is hoping to remain profitable in the second half of this year despite a sharp drop in sales as coronavirus restrictions keep people across the country at home.

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