• N 25 February 2013

    Runa Capital invests $8 m in mobile payment service

    Runa Capital venture fund has sealed the biggest deal in its history, investing $8 m in uBank, a mobile payment service system. Details on Runa's share in the project were not made public, but it is likely to be a minority stock. uBank stated it would spend the raised money on the service's further development in Russia and neighbouring nations.

  • N 22 February 2013

    The Next Web awards Russia's best startups

    The Next Web awards Russia's best startups

    Winners of the Russian Startup Awards 2013 were announced yesterday. The contest is one of eleven held by The Next Web in various countries. Both nominees and winners are selected by Internet users, who cast votes on The Next Web's site.

  • N 20 February 2013

    Cheaper smartphones advance on Russian market

    Cheaper smartphones advance on Russian market

    Mobile phone sales increased in Russia by 3.4%, with 42.2 million items sold in the country in 2012, worth 205 bn rubles (about $6.8 bn). The smartphone segment, accounting for about 30% of all phones sold, showed a far more impressive growth rate of 160%. According to a report by MTS, one of Russia's three leading mobile operators, there were a total of 13 million smatphones sold in the country in 2012.

  • N 20 February 2013

    Yandex ads revenue growth faster than market total

    Yandex' consolidated proceeds in Q4 of 2012 grew by 37% compared to the same period of the previous year, reaching 8.8 bn rubles ($290.4 m), its net income rose by 42% to 8.22 bn, and yearly income grew by 44%, reaching 28.8 bn.

  • N 13 February 2013

    VKontakte launches retargeting, tests new ad network

    VKontakte has made retargeting one of the tools it now offers advertisers, promising the technology will make advertising with Russia's most popular social much more effective.

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