The NY Times is carrying an article on Google’s lack of progress in Russia to date. Like the Chinese market, this is area which is dominated by the local players. “Google promised they would destroy everything, but look at where they are,” said Irina Gofman, chief executive of Rambler Media,
Wall Street Journal is reporting that Baidu plans to enter the Japanese market by 2007. “We carefully studied the Japanese market,” said Mr. Li, who is also Baidu’s chairman. “It’s primarily dominated by two players we are very familiar with. We think we can do better.” … Baidu feels it
Rambler [LSE: RMG] has changed ownership this week in a rather dramatic share buy out. Having just sold their TV business ‘Rambler TV’ to Osgora Productions Ltd, a 100% subsidiary of Prof-Media, for US$23m it seems that Prof-Media has come back for the rest of the company. In a notification
Rambler [LSE: RMG] has decided to sell their TV business ‘Rambler TV’ to Osgora Productions Ltd, a 100 pct subsidiary of Prof-Media, a Russian media holding company for US$23. According to their press release this will allow them to “concentrate on growing its core Russian language internet business”. They have
A new poll by the National Public Opinion centre has concluded that 25% of Russians now use the internet. This is a significant increase on the 19% figure taken 6 months ago. 1/5th of internet users visit forums, watch films and listen to music and 11% play online games. Source:
This week President Putin introduced a new bill to clamp down on the gambling industry in Russia. The new bill entitled “About the State Regulation of Activities on Gambling” in currently in the project stage and has yet to be passed by the Russian Duma (government). In regard to offline
The race is on to see which engine will deliver a contextual advertising program for ordinary webmasters in Russia to rival Google. Well it was only this Tuesday when I wrote that, and it seems that race has started in ernest today. Yandex, the largest search engine in Russia, have
Rambler, the No.2 search engine in Russia with a 20% share in the market, have released their financial statement for the 1st half of 2006 [LSE: RMG] Report highlights Total revenue up nearly 100% period on period to US$ 16 million (US$ 8 million) Internet total revenue up 137% to
Yandex, Russia’s leading search engine, has reduced the minimum cost per click from $0.10c to 0.01c (30 kopecks) in their contextual advertising program. This should allow users to start using Yandex more effectively for the PPC long tail, as they do with Google. “Practically all Russian companies already know that
The Boston Consulting Group has released a report showing that the personal financial wealth of Russians will grow faster than anywhere else on the planet, save India. Buoyed by a flood of cash from oil and gas exports, the value of stock, bonds and other financial assets held by Russians