HealthTech platform Bioniq to deliver vitamins to hotels in Abu Dhabi, Hive acquired 16.4% of test preparation service New School and other news on December 1.
Russia
- In December 2023, a number of new laws will come into force in Russia: authorization rules on Russian websites are changing, control over the work of rating agencies is being tightened, and mandatory labeling of soft drinks will begin. We talk about the most important things for business.
Finance
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Sovcombank will hold an initial public offering of shares from December 1 to 14. The price range for titles will be from 10.5 to 11.5 rubles. As part of the placement, the bank aims to raise 10 billion rubles. This is the first bank IPO in the country since 2015.
Business
- The Federal Treasury has completed the audit of the Russian Post. The preliminary “magnitude of the negative impact” on the company’s financial performance for 2022 was estimated at 24.5 billion rubles.
- Hive LLC (owned by VimpelCom) acquired 16.4% of the test preparation service New School. The amount and other details of the transaction are not disclosed. In February 2023, the project raised 67 million rubles.
- HealthTech Bioniq platform will deliver AI-powered vitamins and personal fitness mirrors to hotels in Abu Dhabi.
- The Munz group, which has managed the Salamander footwear brand under license since 2020, bought the rights to the brand in Russia and several neighboring countries, Kommersant writes.
Services and media
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Yandex Music introduced a new brand platform, logo and visual style, and also switched to a new recommendation model using deep neural networks in “My Wave.” The intelligent recommendation system now understands the formation of users’ musical interests and predicts possible options for their development.
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The Yandex Taxi service has published data on the dynamics of travel prices throughout the year. It turned out that in the Moscow region (including Moscow), the average cost of a minute increased by 19% over the year. And in the Leningrad region (including St. Petersburg) – 21%. The company explained that to normalize the cost of trips, the taxi industry needs around 80,000 more drivers throughout the country.
Author:
Team RB
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
