The ‘Google of Russia’ takes stab at being its Amazon too

A woman walks outside the headquarters of Yandex company, Russia's internet search engine, in Moscow on October 19, 2018. - The Russian internet giant Yandex continued Friday morning its fall on the stock exchange after the announcement in the Russian media that the main Russian bank Sberbank was considering taking control of the company. On Thursday, Yandex NV share price, which is headquartered in the Netherlands, fell by 17.81% at the close of the NASDAQ, a capitalization down $ 1 billion, $ 10.6 to $ 9.6 billion. The stock still fell about 7.5% on Friday morning at the Moscow Stock Exchange. (Photo by Alexander NEMENOV / AFP)

Yandex NV, long Russia’s leading Internet search provider, now has its sights set on becoming an e-commerce powerhouse. 

Yandex wants an online marketplace that it launched on Oct 25, called Beru, to become one of the country’s top three platforms for locally-sourced goods by the end of 2020. It’s counting on the backing of partners with deep pockets.