Just a few months ago, Yandex stood out as a rare Russian business success story, having mushroomed from a small startup into a tech colossus with a global reach. Almost overnight, as Western investors bolted from Russia and Western governments imposed harsh economic sanctions, its value dropped to less than $7 billion from $31 billion
What a difference a war makes. Just a few months ago, Yandex stood out as a rare Russian business success story, having mushroomed from a small startup into a tech colossus that not only dominated search and ride-hailing across Russia, but boasted a growing global reach.
A Yandex app could hail a taxi in far-flung cities like Abidjan, Ivory Coast; Oslo, Norway; or Tashkent, Uzbekistan; and the company delivered groceries in London, Paris and Tel Aviv, Israel. Fifty experimental Yandex robots trundled across the campus of Ohio State University in Columbus, bringing Grubhub food orders to students — with plans to expand to some 250 American campuses.
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