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28-619: In 2013, Kinopoisk was purchased by Yandex , one of Russia's largest IT companies. In 2015, KinoPoisk underwent a total redesign. However, the new design was met with strong criticism by both users and the media for its inferior functionality and slower loading time. Within four days Yandex reverted the site to its former design. After that, new design features were introduced gradually. By 2020s, Kinopoisk became Russia's major streaming service and started producing its own films and TV series, most notably Aeterna , The Last Minister , Grom: Boyhood , Others and Korol i Shut . Kinopoisk

56-480: A dot-com company since Google 's offering in 2004. Among the largest investors were Baring Vostok Capital Partners , which owned a 30% stake, and Tiger Technologies, which owned a 15% stake. In 2013, Yandex became the largest media property in Russia by revenue. In March 2022, Yandex warned shareholders about the risk of default if holders of Yandex N.V. wished to use their right to pay them off early. Before that,

84-521: A $ 30 million financing round. In November 2011, it acquired software developer SPB Software for $ 38 million. In June 2012, it acquired a 25% stake in Seismotech, for $ 1 million. On January 26, 2011, it introduced premium placement opportunity in its Business directory in which advertisers' local small businesses are highlighted. On January 27, 2011, the company acquired single sign-in service Loginza. In August 2011, Yandex acquired The Tweeted Times,

112-744: A Russian road traffic monitoring agency, to merge with Yandex.Maps services. In September 2008, the company acquired the rights to the Punto Switcher software program, an automatic Russian to English keyboard layout switcher. In September 2010, it invested in a $ 4.3 million financing round by Face.com . The company was acquired by Facebook in 2012. In December 2010, the firm launched Yandex.Start to find startups and work with them systematically, and purchased WebVisor's behavior analysis technology in December 2010. In September 2011, it invested in Blekko as part of

140-489: A 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 June 2021, Yandex, VTB Bank , LANIT Group and computer hardware producer Gigabyte founded a joint venture to start producing servers in Russia in 2022. In October 2021, construction of a new plant in Ryazan Oblast was launched with 1 billion roubles during

168-541: A new owner. At the same time ya.ru became Yandex's new main page as well as the key entry point for Search, Mail, and other non-media services. In November 2022, the board of directors of Yandex N.V. announced a possible restructuring of the company. The main part of the business would be placed into a separate group of companies that will keep the Yandex brand, which may be registered in Russia. The international parts of some businesses will be placed into separate companies under

196-879: A news delivery startup. In September 2011, it launched a search engine and a range of other services in Turkey, opening an office in Istanbul. In October 2013, the company acquired KinoPoisk , the biggest Russian movie search engine. In February 2014, Yandex invested several million dollars in MultiShip. In March 2014, it acquired Israeli geolocation startup KitLocate and opened a research and development (R&D) office in Israel . In June 2014, it acquired Auto.ru, an online marketplace and classified advertising website for automobiles, for $ 175 million. In December 2015, it acquired Internet security company Agnitum . On June 6, 2017,

224-415: Is a Russian technology company that provides Internet -related products and services including a web browser , search engine , cloud computing , web mapping , online food ordering , streaming media , online shopping , and a ridesharing company . Yandex Search is the largest search engine in Russia with an estimated 72% market share in Russia and a 2.8% market share worldwide. Yandex Taxi

252-747: Is one of the most popular movie portals of the Runet . The website has 93 million visits per month. Among the sites dedicated to films, it occupies the 3rd place in the world in terms of traffic, giving way to the IMDb portal and the Chinese Douban . Like IMDB, the site has a list of the top 250 films based on user ratings. As of June 2023, the first places among feature films were occupied by The Green Mile , The Shawshank Redemption and Forrest Gump . Yandex Yandex LLC (Russian: Яндекс , romanized : Yandeks , IPA: [ˈjandəks] )

280-496: Is the largest ridesharing company in Russia. Yandex was founded by Arkady Volozh and launched its first product, a search engine , in 1997. Due to its significant media activities in Russia, the company has long faced pressure for control by the government of Russia . In July 2024, in a transaction brought about by international sanctions during the Russian invasion of Ukraine and restrictions on foreign ownership, Nebius Group ,

308-649: The Istanbul office was launched together with the company's web portal in Turkey in 2011. In 2012, the company opened its first European office in Lucerne to serve advertising clients in the EU. Its first research and development office in Europe started operating in Berlin in 2014. In 2015, the company's Shanghai office was launched to facilitate work with Chinese companies operating on

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336-830: The CEO in 2000. In 1998, Yandex launched contextual advertisement on its search engine. In 2000, Yandex was incorporated in Cyprus as a standalone company by Arkady Volozh. In September 2005, it 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 Kyiv 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

364-501: The Dutch holding company that owned Yandex, sold its Russian assets to a group of Russian investors for a discounted price of US$ 5.3 billion. Arkady Volozh and Ilya Segalovich were friends from their school days in Kazakhstan in the 1980s. Volozh started developing algorithms to search in Russian texts and contacted Segalovich in 1990. They worked together to develop search software, with

392-787: The IT company's servers were subjected to the largest DDoS attack in the history of the Runet. In March 2022, executive director and deputy CEO Tigran Khudaverdyan resigned after EU sanctions. In April, CEO Elena Bunina resigned and moved to Israel . In June, Volozh resigned. On August 23, 2022, it was announced that Yandex is buying Delivery Club from VK in exchange for Yandex.Zen and Yandex.News . In September 2022, assets of Yandex and businessmen Boris and Arkady Rotenberg , who are close to President Vladimir Putin , were seized in Finland . In December 2022 it became known that "Yandex" registered

420-567: The Russian language market. As of 2018 it had more than 30 offices worldwide. In December 2021 a new location in Prague was added to accommodate the company's rapidly expanding crowdsourcing, routing, cloud computing, ridesharing and weather forecasting teams. As of 2021, Yandex had offices in 12 countries. In 2001, the company launched the Yandex.Direct online advertising network. In January 2009, Mozilla Firefox 3.5 replaced Google with Yandex as

448-593: The Ukrainian market. In 2010, Yandex launched its "Poltava" search engine algorithm for Ukrainian users, based on its MatrixNet technology. On June 20, 2008, it announced the formation of Yandex Labs in Silicon Valley , to foster "innovation in search and advertising technology". On 10 October 2017, Yandex introduced its voice assistant Alice. In February 2018, the deal to merge Yandex.Taxi and Uber in Russia and five neighbouring countries closed. Yandex's share in

476-503: The company Beyond ML in Armenia. On December 30, Arkady Volozh announced his departure from Yandex by publishing a letter to employees on the company's internal portal. On May 17, 2023, Yandex launched its YaGPT neural network, analogous to the ChatGPT neural network. In October 2023, Yandex Group's parent company, Yandex N.V. (Netherlands), received approval for internal restructuring from

504-399: The company in 2004 was $ 7 million. In June 2006, the weekly revenue of Yandex.Direct context ads system exceeded $ 1 million. The company's accounting has been audited by Deloitte since 1999. Between 2004 and 2006, Tiger Technologies obtained an 11% ownership stake. On May 24, 2011, it raised $ 1.3 billion in an initial public offering on NASDAQ , the biggest initial public offering for

532-431: The company invested in a $ 5 million financing round by Doc+ . In December 2017, it acquired food delivery Foodfox. 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. In May 2018, Sberbank and Yandex completed

560-516: The company name Arcadia. In 1993, they invented the name " Yandex " as an easy way to remember "Yet Another iNDEXer". This is also a bilingual pun on "index" since "Я" ("ya") means "I" in Russian. On September 23, 1997, the Yandex.ru search engine was launched and presented at the Softool exhibition in Moscow. Arcadia became part of the software and computer part supply company, CompTek, and with Volozh as

588-625: The control of Dutch Yandex N.V., which will eventually leave the shareholders of the Russian Yandex Group. In March 2023, the NASDAQ exchange announced its intention to delist Yandex and a number of other companies doing business in Russia. Yandex appealed this decision. NASDAQ granted the appeal, given the company's plans to separate the Russian and foreign businesses. The suspension of trading remains in effect. In May 2023, Yandex announced that it received applications from potential investors for

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616-418: The default search provider for Russian-language builds. In August 2009, the company introduced a player of free legal music in its search results. In September 2010, Yandex launched Yandex Music , a music streaming service, with a catalogue of 800,000 tracks from 58,000 performers. MatrixNet MatrixNet is a proprietary machine learning algorithm developed by Yandex and used widely throughout

644-672: The first stage of investments. The new plant will produce servers, data storage systems, gateways and smart equipment under "Openyard" brand. However, in June 2023 Yandex announced it was looking for ways to exit the joint venture. In January 2022, Yandex acquired "eLama", digital advertising platform, waiting for the approval from Federal Antimonopoly Service . That same month Yandex has also bought "BandLink" music service. The company became profitable in November 2002. In 2004, Yandex sales increased to $ 17 million, up 1000% in 2 years. The net income of

672-487: The government commission for controlling foreign investment in Russia. In July 2024, Volozh announced his return to the parts of the business retained by Yandex N.V. (Netherlands) to be named Nebius Group . (The EU lifted sanctions on Volozh in March 2024.) Volozh will be CEO of Nebius, according to Reuters. In March 2007, it acquired Russian social networking service moikrug.ru.; on June 16, 2008, Yandex acquired SMILink,

700-417: The market", and "The products and services that we make don't have any persuasion or political overtones." For example, Yandex advertising services do not accept political ads. In September 2020, Yandex spun off the direction of unmanned cars into a separate company, Yandex Self Driving Group. On 10 March 2021, the company launched its own payment service Yandex Pay. In the first half of September 2021,

728-486: The new company, worth more than $ 3.8bn, was 59.3%. On 9 October 2019, the company unveiled the second smart speaker of its own design - "Yandex. Station Mini." In 2020 Yandex published its internal operating principles. There are more than 35 principles. These include: "We do not develop technology for military purposes", "We comply with the laws of each country that we operate in and try to constructively contribute to any proposed legislation that concerns technology or

756-439: The purchase of an economic share in the company. Economic investors will not be able to influence the company's activities. Voting control and management will remain with the top management of Yandex. Among the main applicants were private industrial investors Vagit Alekperov (Lukoil Founder) and Vladimir Potanin . In 2008, Yandex opened a technology and business development unit called Yandex Labs in Silicon Valley . In 2011,

784-439: The trading of Yandex securities on the NASDAQ was suspended due to the conflict between Russia and Ukraine. In September 2022, Yandex bought back 98.7% of issued Yandex N.V convertible bonds. In April 2022, TechCrunch reported that Yandex signed an agreement with VK holding with regard to the sale of News and Zen media services together with the main page yandex.ru In September 2022, News, Zen, and yandex.ru were transferred to

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