Mail.ru

The circus around Facebook's juddery IPO has rolled into Moscow. The Wall Street Journal is reporting that Russia's largest social network Vkontakte has postponed its IPO as a result of Facebook's less-than-brilliant market debut.The social network's founder and CEO Pavel Durov reportedly tweeted “The Facebook IPO damaged many ...

Russian entrepreneur and venture capitalist, Yuri Milner, has stepped down as chairman of the board of directors of Mail.ru, one of the largest internet companies in Russia. Milner is also the founder of international investment firm Digital Sky Technologies (DST), and has invested in companies such as Facebook, Twitter, Y Combinator ...

Russia’s answer to Twitter is reportedly attracting users in their thousands. Owned by the Mail.ru group, Futubura attracted some 17 000 users within 24 hours of launching, Russian state news agency Ria Novosti reported.When the public beta launch of Futubura was announced, Mail.ru CEO Dmitry Grishin released a statement ...

Former Naspers executive Kim Reid is the man behind Takealot. This South African online retail site is looking to gain significant market share in a sector where Naspers-backed Kalahari.net is the country's predominant force.Memeburn sat down for an exclusive interview with Reid, tackling his views on emerging markets, ...

There is something going on in China, Russia and South Africa. Via various internet investments and creations, these three countries combined have built up major stakes in some of the world's biggest sites and social networks.Russian investment company, Digital Sky Technologies (DST), now owns about 7-10% of Facebook by various ...

The emergence of artificial intelligence will transform the Internet industry and social networking over the next decade, says Russia's leading web tycoon.The low-profile Yury Milner is chairman in the rapidly expanding Mail.ru Internet firm and CEO of DST Global investment company who have minority stakes in Facebook and other Western ...

Shares in Russian Internet company Mail.ru, an investor in social networking site Facebook, surged on their London debut on Friday. Shares in the largest Internet company in the Russian-speaking world were offered at 27.7 dollars each but shot up by 30 percent to 37 dollars shortly after the market opened. ...

Emerging market internet media giant Naspers has announced that it will acquire a 28.7% stake in Digital Sky Technologies (DST), the Russian internet company that has invested in Facebook, social network game creator Zynga and owns the mature instant messaging service, ICQ.Naspers said it will be investing $388-million via its ...