05 March 2014 Ulmart, Russia’s online equivalent to Amazon, reportedly has succeeded by doing what Amazon does not. “In this market,” Ulmart’s chairman, Dmitry Kostygin, told Businessweek, “Amazon has no chance.” The an online retailer reported $1.2 billion in sales last year. Instead of wooing customers...
February 06, 2015
Dubbed the Google of Russia, Yandex has recently tried to expand its core search business into other fields in a way similar to what Google has done outside of Russia. After acquiring a low-powered geo-mobile startup called KitLocate last March, and expanding its PayPal-like payment software Yandex.money to fellow CIS countries, Yandex announced on Feb. […]