|Bid||2,509.20 x 1600|
|Ask||0.00 x 50000|
|Day's Range||2,505.20 - 2,560.00|
|52 Week Range||1,687.50 - 2,590.00|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||56.28|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Greg Abovsky of Yandex says the company is getting ready for its ride-sharing business to go public, but hasn't "nailed down" the timing. He also outlines differences between Yandex.Taxi and Lyft.
A delegation from the Cyberspace Administration of China (CAC), which oversees national cyber policy, met officials at Russia's state communications watchdog in Moscow on Wednesday, the Russian regulator said. Critics have accused Russia's authorities of trying to implement creeping China-style Internet curbs. The presence of the Chinese delegation in Moscow has not previously been reported.
Russian internet company Yandex's joint venture with Uber has agreed to buy Russian taxi firm Vezet's core business, further cementing Yandex's role as a major online taxi operator in Russia and neighbouring countries. Taxi, ride sharing and car sharing services have been booming in Russia over the last couple of years after a number of foreign and domestic players invested in online platforms for such businesses.
On-demand transportation giant Uber made its name in part by aggressively entering new markets on a path of organic growth, but in recent times, it has shown itself more amenable to the concept of expansion through acquisition. Today, MLU, Uber's ridesharing and food delivery JV with Yandex (by way of Yandex .taxi) covering cities in Russia and surrounding regions, announced that it is buying Vezet, a smaller rival that operates in 123 markets in the same region, for a price that's estimated to be in the region of $204 million. Current shareholders of Vezet "will receive new shares in MLU, representing up to 3.6% of the issued share capital of the company at closing, together with up to $71.5 million in cash," based on Vezet meeting certain performance and integration targets, the companies said.
Yandex Taxi, the ride-sharing joint venture co-owned by Russian search giant Yandex and US tech group Uber, has agreed to buy Russia’s largest taxi company Vezyot, dramatically increasing its share of its largest market. The deal will see MLU, which integrates Yandex and Uber’s taxi and food services in Russia, buy Vezyot’s call centre and technology services in exchange for a 3.6 per cent share in the JV and up to $71.5m in cash.
According to a Reuters report, hackers working for Western intelligenceagencies reportedly broke into Yandex, the company often referred to as"Russia's Google
WASHINGTON/LONDON/SAN FRANCISCO (Reuters) - Hackers working for Western intelligence agencies broke into Russian internet search company Yandex in late 2018, deploying a rare type of malware in an attempt to spy on user accounts, four people with knowledge of the matter told Reuters. The malware, called Regin, is known to be used by the "Five Eyes" intelligence-sharing alliance of the United States, Britain, Australia, New Zealand and Canada, the sources said. Western cyberattacks against Russia are seldom acknowledged or spoken about in public.
Russia's largest online taxi service Yandex.Taxi is likely to sell new shares in its planned initial public offering (IPO), an executive at its majority shareholder Yandex told Reuters. Russian internet company Yandex and U.S. group Uber Technologies Inc combined their taxi businesses across Russia, Armenia, Azerbaijan, Belarus, Georgia and Kazakhstan in 2017 to create an enlarged Yandex.Taxi. Yandex holds a 59.3% stake, Uber has 36.6% and Yandex.Taxi staff own 4.1%.
MOSCOW (AP) — Russia's leading internet company said Tuesday that it's committed to data privacy as it responded to reports that the national intelligence agency is pressuring it into handing over encryption keys.
Yandex NV will prepare meal kits with ingredients based on a customer’s requested dish and send it to a nearby restaurant for cooking. Yandex has been rapidly expanding its delivery services. For now, customers won’t be able to create completely bespoke delicacies, but Yandex has created a list of hundreds of the most popular dishes among users of its food businesses, which will be priced typically for no more than 250 rubles ($3.86) per dish.
Beyond the Internet Search Business: Google, Baidu, and Yandex(Continued from Prior Part)YandexTaxis is profitableYandex (YNDX) is planning an IPO of its taxi business, YandexTaxi, which it co-owns with US ride-hailing giant Uber (UBER).Speaking
Beyond the Internet Search Business: Google, Baidu, and Yandex(Continued from Prior Part)Baidu building a mobile music appBaidu (BIDU) has formed a special team to explore the revival of its music business, according to a report from TechNode.
Beyond the Internet Search Business: Google, Baidu, and Yandex(Continued from Prior Part)Fiat Chrysler vehicles to run Android softwareFiat Chrysler Automobiles (FCAU) has selected Google (GOOGL) to provide it with a software system for its
is Russia's largest search engine and tech company, and the fifth-largest search engine in the world. Working in Moscow, Yandex has given itself an important advantage: One major hurdle for autonomous car tech is finding lane markers on snow roads. Yandex gets to meet that one head on, right out of the gate.
Speaking with CNBC on Friday in Moscow, Yandex CFO Greg Abovsky declined to specify a timeline for the IPO of Yandex.Taxi — even whether it would come this year — but said the offering remains part of the company's plans. Although Yandex.Taxi and Lyft offer similar services, Abovsky said his company was not overly concerned by the performance of the U.S. outfit. Lyft shares initially sold at a price of $72 at its IPO, but they're now changing hands at about $56.