Central regions | Finance, business | Technology & innovation

Russian state fund to invest in Internet, Chinese firm to join

7 Dec '17
The Russian Direct Investment Fund (RDIF) will soon announce investment partnerships to support Russian Internet portals, and will also pool efforts with Chinas Alibaba in a large Internet infrastructure investment project in Russia, the Russian news agency RIA Novosti reported, citing RDIF Director Kirill Dmitriev.

We are going to announce investment in Yandex.Taxi and a number of other Russian Internet portals in an effort to back their international expansion, and also a joint investment effort with Alibaba to support the Internet logistic infrastructure in Russia, Mr. Dmitriev explained.

The Fund director earlier announced that RDIF had plans to invest in a new merged company between Yandex.Taxi and Uber, and also in other Yandex projects. He believes Yandex is showing great promise for expansion across the world, including the Middle East.

According to Mr. Dmitriev, RDIF has set up a new entity called RDIF Technologies to invest in the technology sector. We have invited leading partners from China, Japan, Singapore, Europe and the United Arab Emirates to join us in investing in tech projects, he said.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
COMMENT ON THIS STORY
Find Related Content

Locations:

Latest News: Central regions
15 Oct '18 | Transport, logistics | Finance, business
11 Oct '18 | Technology & innovation | Finance, business
10 Oct '18 | Technology & innovation | Finance, business
5 Oct '18 | Technology & innovation | Finance, business
 

Feature stories

27 Aug '18
7 Jun '18
Russian scientists have come up with a new method of...
3 Apr '18
In regions most of European Russians will hardly ever...
Search (News archive - 21280)
Advertising
RB_Partners_Report
Advertising
Independent Software Developers Forum
Advertising
Marchmont News

Latest News

15 Oct '18
InSize, a Russian company, has developed and is...
11 Oct '18
Russia is stepping up support for developers of IT...
10 Oct '18
Primer Capital, a Russian venture fund, has invested...

Most read stories from last week