Yandex.Taxi, the ride-hailing arm of Russian online giant Yandex, is pushing ahead with its plans to organise its highly anticipated initial public offering (IPO), while struggling to remain profitable despite the crisis
Hit by the coronavirus (COVID-19) crisis and lockdown measures aimed at curbing the pandemic, the Russian IT segment expects losses in the April-June period, unless support measures are offered by the government.
The government may delay imposing part of the investment obligations on telecoms companies under the so-called Yarovaya law for a year to ease the pressure during the pandemic crisis that would have cost $1bn.
bne IntelliNews partners East-West Digital News released a nice round up of their stories on corona and its impact on the tech business on May 14 with links to their top stories since the end of February, which we reproduce.
The volume of orders for grocery deliveries online surged in April and could more than triple this year to $1.8bn, according to the data released by e-commerce consultancy INFOLine,
Last week Telegram, the messaging app founded by Russian tech genius Pavel Durov, yet again postponed the launch of its blockchain platform TON and cryptocurrency Gram. The release is now scheduled for April 2021.
The express food delivery service will only stay in markets where it is already number one or two in terms of market share, or can see a clear path to achieving this status.