The event, themed as "more HELI, more future", included a comprehensive review of the history of its 60-year development.
Yandex wants an online marketplace that it’s launching on Wednesday, called Beru, to become one of the country’s top three platforms for locally-sourced goods by the end of 2020. It’s counting on the backing of partners with deep pockets.
Russia is the last major emerging market without a dominant online retailer. Internet penetration at ~80%, but eCommerce only 3%. Russia is at an inflection point. Morgan Stanley&Co estimate the market to be worth $31bn by 2020, with a leader being worth $10bn. This implies 39% upside to Yandex and 26% to Mail.ru.