Yandex.taxi

Yandex to spend $400-500 million on e-commerce

Yandex to spend $400-500 million on e-commerce

Russia’s Yandex, which on Tuesday reported a 2% rise in 2020 net profit, plans to spend $400 million-$500 million on an e-commerce push this year to help annual revenue reach 305-320 billion roubles ($4.1-4.3 billion), its finance chief said, Reuters reports