Ebay, the e-commerce platform that connects buyers and sellers have announced that they will open in Russia by the end of March. Users will be able to access the site in Russian and pay for fixed-price items using PayPal, eBay’s online payments system. Chief Executive John Donahoe said Russia’s e-commerce market is worth $5 billion Continue reading →

Rossiiskaya Gazata reports that Internet advertising is continuing to take an ever larger share of the overall advertising market in Russia. Despite the economic downturn that has affected the overall spend. Internet advertising in Russia grew by 6 percent in 2009, up to 19 billion roubles (approx. $630.6m USD), while the whole advertisement industry in Continue reading →

After negotiations last year, Google won the contract away from Yandex to provide Mail.ru with contextual and organic search results. However, it’s become clear that instead of a transition from Yandex to Google, Mail.ru seems to have decided to go it alone and use results from their own in-house search engine Gogo.ru. This shouldn’t be Continue reading →

Kommersant reports that Yandex, Russia’s largest search engine, is considering purchasing AOL’s ICQ platform at more than $200m. ICQ has between 40m-50m registered users worldwide with the majority in Germany, Russia, Israel and Eastern Europe. In December of 2009 AOL announced that they would be restructuring and selling off some of that assets, including the Continue reading →