Russia's Mail.ru expands in car sharing with YouDrive stake


  • TECH
  • Thursday, 22 Aug 2019

Mail.ru and Sberbank said last month they would invest up to 64bil roubles (RM4.07bil) in a platform that will compete with Yandex.Taxi, a unit of Russia's Yandex and US online taxi firm Uber. — Reuters

MOSCOW: Russian Internet group Mail.ru has teamed up with investment firm Proxima Capital to buy a controlling stake in car-sharing operator YouDrive, which it may fold into its planned food and taxi joint venture with state-run Sberbank.

Mail.ru and Sberbank said last month they would invest up to 64bil roubles (RM4.07bil) in a platform that will compete with Yandex.Taxi, a unit of Russia's Yandex and US online taxi firm Uber.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Tech News

Amazon Prime Video to exclusively stream two NHL seasons in Canada
T-Mobile to invest $950 million in venture with EQT to buy fiber optic network provider Lumos
Hertz Global eyes worst day on record as EV rental business falters
EU court adviser backs data privacy activist Schrems in Meta fight
Spotify says Apple has rejected its app update with price information for EU users
Amazon to invest $11 billion in Indiana to build data centers
IBM falls as enterprise-spending constraints choke consulting demand
Net neutrality rules to be restored in US agency vote
India's Tech Mahindra misses Q4 revenue view on weak communications segment
Explainer-Where are Wall Street's analyst notes on Trump's Truth Social?

Others Also Read