hh announced the buyback of its shares, the EdTech market increased by 38%: the main thing on November 1

World

• Coworking chain WeWork plans to file for bankruptcy “next week,” the WSJ reports, citing sources. The newspaper’s interlocutors claim that the application can be submitted under “Chapter 11”, which allows restructuring and continuation of activities. As of early October 2023, WeWork failed to make an interest payment to its bondholders.

Russia

• In November 2023, a number of new laws came into force in Russia: the mechanism for extrajudicial bankruptcy procedures is expanded, and it is possible to provide state support to small high-tech companies. Let’s talk about the main thing.

• Demand for digital design services in Russia during the nine months of 2023 increased by 122% compared to the same period last year, according to data from Avito Services. Analysts of this service, together with Price.ru, named the most popular services in this area for marketing, advertising and the e-commerce market.

Business

• Yandex 360 has agreed with software distributor MONT on a strategic partnership for business development in Belarus. The program is implemented according to a reseller scheme, when MONT partners can offer cloud solutions from the provider’s portfolio.

• Vasily Popov has been named CEO of travel service Drivee, which was launched after inDrive ceased operations in Russia. Popov previously held the position of head of the data analysis department and was also responsible for the development of the network.

• Recruitment service HeadHunter announced the buyback of shares and ADSs of Cyprus Headhunter Group PLC. The repurchase price of a security is set at 819.45 rubles, taking into account the “exit tax” of 10%.
• According to Vedomosti, Russian dairy producers are negotiating the start of supplies of their products to Hong Kong. Previously, Rosselkhoznadzor had announced the opening of this market to domestic companies.
• According to the results of the third quarter of 2023, the educational services market increased by 38% year-on-year. The income of the first hundred amounted to 31.4 billion rubles.
• The international hotel operator Rotana Hotels will manage two hotels in Moscow owned by the developer Amtel Properties, Vedomosti has learned.

Cyber ​​security

• More than 50% of corporate data breaches in Russia are due to current employees, in 15% of cases the culprits are former employees and only 13% are due to attackers.