Yandex.Money is a Russian fintech company running services both for individuals and businesses for accepting and making payments. Its B2C-focused product is Yandex.Money e-wallet and bank card, and B2B-oriented service is Yandex.Checkout payment service provider. Yandex.Checkout supports around 20 online payment methods - bank cards, e-wallets, e-invoicing, contactless payments such as Apple Pay and Google Pay, etc. Other B2B-solutions include anti-fraud protection service, marketing lead generation business, installments, B2B payments, contactless payments, solutions for sales via social ...
Yandex Zen is a personal recommendations service created by Yandex that uses machine learning technology. Zen creates a feed of content that automatically adjusts to the interests of a user. The selection of content is based on the analysis of browsing history, user-specified preferences, location, time of day and other factors. Zen has a weekly active user audience of more than 20 million.
Yandex.Disk is a cloud service created by Yandex that lets users store files on" cloud” servers and share them with others online. The service is based on syncing data between different devices. Yandex.Disk was launched in English in June 2012.
Yandex.Drive is a Russian carsharing service owned by Yandex. The service in Moscow and Moscow Oblast launched in February 2018. The vehicle park consists of Kia Rio, Kia Rio X-Line, Renault Kaptur, Audi A3, Audi Q3 and Porsche Macan. As of January 2020 its vehicle fleet is over 21000 cars. It is the largest carsharing company in the world.
Yandex.Maps is a Russian web mapping service developed by Yandex. The service provides detailed maps of the whole world. It includes a search, information about traffic jams, routing and street panoramas. The service was launched in 2004. Yandex.Maps is the most popular cartographic service in Russia. It has about 11.5 million users in Russia per month, and over 20 million worldwide.
Yandex.Checkout is a Russian online payment system operated by Yandex.Money, a joint venture of Russian technology corporation Yandex and the largest bank in Russia Sberbank. Yandex.Checkout was launched in late 2013. Yandex.Checkout has been the most popular payment application in Russia since 2015. By the end of 2018, the service was used by over 106.000 websites around the globe, including major online retailers and government services portals totaling for over 31% of online payment processing market in Russia by 2018.
Yandex N.V. is a Russian multinational corporation specializing in Internet-related products and services, including transportation, search and information services, eCommerce, navigation, mobile applications, and online advertising. Yandex provides over 70 services in total. Incorporated in the Netherlands, Yandex primarily serves audiences in Russia and the Commonwealth of Independent States. The company founders and most of the team members are located in Russia. The company has 18 commercial offices worldwide. It is the largest technology company in Russia and the largest search engine on the internet in Russian, with a market share of over 52%. The Yandex.ru home page is the 4th most popular website in Russia. It also has the largest market share of any search engine in the Commonwealth of Independent States and is the 5th largest search engine worldwide after Google, Baidu, Bing, and Yahoo!.
Yandexs main competitors on the Russian market are Google, Mail.ru, and Rambler.
According to the company, one of its biggest advantages for Russian-language users is the ability to recognize Russian inflection in search queries.
Yandex has invested in companies including Vizi Labs, Face.com, Blekko, Seismotech, Multiship, SalesPredict, and Doc+.
Yandex has offices in 17 countries. Yandex Labs was opened in Silicon Valley in 2008, and also in Istanbul in 2011.
The company opened a sales office in Lucerne in 2012 to serve its European advertising clients,while opening a research and development office in Berlin in 2014.
Yandex opened its first office in Shanghai during 2015 to work with Chinese companies that work in the Russian language market.
2.1. History 1990s
Yandex traces its roots to 1990, when Arkady Volozh and Arkady Borkovsky founded Arkadia, a company that developed MS-DOS software for use in patents and goods classification. Their software featured a full-text search with Russian morphology support. In 1993, Arkadia became a subdivision of Comptek International, another company founded by Volozh in 1989.
In 1993, Arkady Volozh and Ilya Segalovich, friends since their school days and by then working together to develop search software, invented the word "Yandex" to describe their search technologies. The name initially stood for "Yet Another iNDEXer". The Russian word "Я" "Ya" corresponds to the English personal pronoun "I", making "Яndex" a bilingual pun on "index". Another pun is based on the yin and yang contrast Russian: инь – индекс, ян – яндекс.
Between 1993 and 1996, the company continued developing its search technologies and released software for searching through the Bible.
The Yandex.ru search engine was launched on September 23, 1997, and was publicly presented at the Softool exhibition in Moscow. Initially, the search engine was developed by Comptek. In 2000, Yandex was incorporated as a standalone company by Arkady Volozh.
In 1998, Yandex launched contextual advertisement on its search engine.
2.2. History 2000s
In 2001, it launched the Yandex.Direct online advertising network.
The company became profitable in November 2002. In 2004, Yandex sales increased to $17 million, up 1000% in 2 years. The net income of the company in 2004 was $7 million. In June 2006, the weekly revenue of Yandex.Direct context ads system exceeded $1 million. The companys accounting has been audited by Deloitte since 1999.
In September 2005, Yandex opened an office in Ukraine and launched www.yandex.ua. In 2007, Yandex introduced a customized search engine for Ukrainian users; Yandex also opened its development center in Kiev in May 2007. In 2008, Yandex extended its presence in Ukraine by increasing bandwidth between Moscow data centers and UA-IX in Ukraine fivefold. In 2009, all services of www.yandex.ua were localized for the Ukrainian market. In 2010, Yandex launched its "Poltava" search engine algorithm for Ukrainian users, based on its MatrixNet technology.
In March 2007, Yandex acquired moikrug.ru, a Russian social networking service.
On June 16, 2008, Yandex acquired SMILink, a Russian road traffic monitoring agency, to merge it with Yandex. Maps services.
On June 20, 2008, Yandex announced the formation of Yandex Labs in Silicon Valley. The main objective of the division is to foster "innovation in search and advertising technology".
In September 2008, Yandex acquired the rights to the Punto Switcher software program, an automatic Russian to English keyboard layout switcher.
In January 2009, Mozilla Firefox 3.5, replaced Google with Yandex as the default search provider for Russian-language builds.
In August 2009, Yandex introduced a player of free legal music in its search results.
2.3. History 2010s
In September 2010, Yandex launched the Yandex Music service and significantly extended its music catalogue to 800.000 tracks from 58.000 performers.
On May 19, 2010, Yandex launched an English-only web search engine.
In September 2010, Yandex invested in a $4.3 million financing round by Face.com. The company was acquired by Facebook in 2012.
In December 2010, Yandex launched Yandex.Start to find startups and to work with them systematically. As a result of the program, Yandex purchased WebVisors behavior analysis technology in December 2010.
On January 26, 2011, Yandex introduced premium placement opportunity in its Business directory; advertisers local small businesses are highlighted on a map for relevant queries.
On January 27, 2011, the company acquired single sign-in service Loginza.
On May 3, 2011, as part of a disclosure on the "legal and political risks" of investing in Russia, before the listing on NASDAQ, Yandex revealed that it had passed private customer information to the Federal Security Service, including that of users who had donated money via Yandex to an anti-corruption website set-up by Alexei Navalny.
On May 24, 2011, Yandex raised $1.3 billion in an initial public offering on NASDAQ. It was the biggest initial public offering for a dot-com company since Googles offering in 2004. Among the largest investors in Yandex were Baring Vostok Capital Partners, which owned a 30% stake, and Tiger Management, which owned a 15% stake.
In August 2011, Yandex acquired The Tweeted Times, a news delivery startup.
In September 2011, Yandex launched a search engine and a range of other services in Turkey. The company also opened an office in Istanbul.
In September 2011, the company invested in Blekko as part of a $30 million financing round.
In November 2011, Yandex acquired SPB Software, a software developer, for $38 million.
In June 2012, Yandex acquired a 25% stake in Seismotech, a company that provides services in the area of interpretative processing of seismic data and software development, for $1 million.
In March 2013, the company added an English user interface to its translation mobile app.
In July 2013, Mail.Ru started placing Yandex.Direct ads on its search result pages.
In October 2013, Yandex acquired KinoPoisk, the biggest Russian movie search engine.
In 2013, Yandex became the largest media property in Russia by revenue.
In February 2014, Yandex invested several million dollars in MultiShip.
In March 2014, Yandex acquired Israeli geolocation startup KitLocate and opened a research and development office in Israel.
In April 2014, a movie called Startup, about the history of Yandex was released.
In June 2014, Yandex acquired Auto.ru, an online marketplace and classified advertising website for automobiles, for $175 million.
In December 2015, Yandex acquired Agnitum, an internet security company.
On June 1, 2017, Yandex closed its offices in Kiev and Odessa, Ukraine after the Security Service of Ukraine raided the offices and accused the company of illegally collecting Ukrainian users’ data and sending it to Russian security agencies. Yandex denied any wrongdoing.
On June 6, 2017, the company invested in a $5 million financing round by Doc+.
In May 2017, all Yandex services were banned in Ukraine by Presidential Decree No. 133/2017.
On October 10, 2017, Yandex introduced its intelligent personal assistant, Alisa Alice for Android, iOS, and Microsoft Windows.
In December 2017, the company acquired Foodfox, a food delivery service.
In 2017, within the framework of a joint anti-phishing project of the Bank of Russia and search engine Yandex, a special check mark a green circle with a tick and Реестр ЦБ РФ Bank of Russia Register text box) appeared in the search results, informing the consumer that the website is really owned by a legally registered company licensed by the Bank of Russia.
On February 7, 2018, Uber and Yandex NV merged their businesses in Russia, Kazakhstan, Azerbaijan, Armenia, Belarus and Georgia. Uber invested $225 million and owns 36.6% stake in the venture while Yandex invested $100 million and owns a 59.3% stake.
On February 16, 2018, the company showed off the first tests of its autonomous cars in Moscow.
In May 2018, Sberbank and Yandex completed joint venture deal to develop a B2C eCommerce ecosystem.
In October 2018, Yandex acquired Edadil Russian: Едадил, lit. "grocery deals", a deal aggregator service.
In 2019 the company announced that it was being forced to hand over the encryption keys to the Russian FSB, exposing private communication of its users. The company responded that it was possible to comply without compromising the privacy of personal data.
In October and November 2018, hackers used malware called Regin to steal technical information from Yandexs research and development unit. The hack was attributed to the Five Eyes by Kaspersky Lab.
In March 2020, Yandex announced that Yulia Gerasimova has joined the company as Head of Investor Relations. Prior to joining the company, she used to work in the Global Investment Research Division at Goldmach Sachs where she headed the CEEMEA Consumer and Retail equity research as an Executive Director.
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- Yandex Drive is a Russian carsharing service owned by Yandex The service in Moscow and Moscow Oblast launched in February 2018. The vehicle park consists
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