MOSCOW (Reuters) - Russian internet firm Yandex plans to launch its cloud business in Germany in 2022, with an initial investment of $30 million, the company said ahead of its annual Yandex.Scale cloud conference on Friday.
Yandex.Cloud's revenue is seen tripling to around 3 billion roubles in 2021 but, having launched in 2018, it remains one of Yandex's smaller business lines. Group revenue for 2021 is seen at between 330 and 340 billion roubles.
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