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Continue ReadingGet to know Yandex, a company that ruled the world online in Russia / by investing man.
Nowadays most people are familiar with using online platforms.
To meet everyday needs.
We searched for information from Google
We order products from Amazon
We called a car and ordered food via Uber, Grab
We follow videos on YouTube
We listen to favorite songs on Spotify
But believe it or not, people can use these services through a single ′′ Yandex ′′ company.
What business does this company do? Why do they rule Russian over other famous platforms?
Investing man will tell you about it.
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cuddle Update the situation and economic situation with Blockdit
There's a podcast to listen to on the go.
Blockdit.com/download
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Yandex is Russia's biggest tech company
Founded in 1997 or 23 years ago by a businessman named Arkady Volozh
Yandex stands for Yet Another Indexer
Because the first business of the company is to make a search website.
In the global Search Engine market, Google is undoubtedly leading up to 92 % while Yandex has 5 % user with a 0.5 % share.
But within the Russian country
Yandex can rule the market share at 58 % to be regarded as Russian Google.
However, this is only part of the Yandex Kingdom because of 70 different types of internet-related businesses.
Let's see some interesting examples.
Yandex. Direct Online Advertising Business is like Google Ads. 61 % Russian market share.
Yandex. Market platform to buy products online like Amazon. Currently, there are 19 million users per month.
Yandex. Taxi platform called Uber, but embraced 60 % of domestic users until the end of 2018, Uber competitors have to sell Russian affairs for 36.6 % of Yandex's shareholders. Taxi instead.
Yandex. Eats food delivery service and Yandex Lavka, the new generation's popular grocery delivery service.
Resulting in quarter 1 2020 Transport business group grew 49 % compared to the same period last year.
Yandex. Music platform listening online like Spotify and Yandex. Video platform. Video watching online. Like YouTube. Latest. Total members of 4.3 million accounts.
There are also many other businesses like
Yandex. Flight Platform to book airfare
Yandex. Messenger Chat Apps
Yandex. Disk storage services on cloud
Yandex. Money Payment System and Online Banking
Alisa Smart Assistant like Amazon Alexa
Even during the COVID-19 incident Russia was one of the severe outbreak centers, the company developed a free virus detection kit to the public.
By the proportion of the company's income every 100 baht.
64 baht from advertisement fee
24 baht from car and delivery business.
12 baht from other businesses such as subscription fee, entertainment media.
If you ask what is the reason Yandex has succeeded in occupying online space?
The answer should be not hesitating to grab opportunities in hand.
The company's strategy is to analyze which businesses have potential and foreigners are starting to market. But it doesn't meet local people. Yandex will compete with simple service models and consistent with consumer behavior.
Because the company has a great advantage that it can design platforms to support the usage of Russian language properly and more accurately.
Improving Yandex's performance continuously following the development of internet technology.
But it's undeniable that the weakness of rubble currency from Russia's case of economic sanctions since mid 2014's after Ukraine Crimea land annexation to be part of itself. Assembled with the Expanding businesses, affecting fairly corporate profits.
Year 2013 (1 rubles equals 1.01 baht)
Income 39,900 million baht
Profit of 13,600 million baht.
Year 2017 (1 rubles equals 0.55 baht)
Income 52,000 million baht
Profit of 4,800 million baht.
Year 2018 (1 rubles equals 0.47 baht)
Income 60,000 million baht
Profit of 20,800 million baht.
This year, there is extra profit from separating Yandex business. Market venture out with another company
Year 2019 (1 rubles equals 0.49 baht)
Income 86,000 million baht
Profit of 5,500 million baht.
Yandex is listed on the NASDAQ stock exchange in the USA. Now it's worth 420,000 million baht.
And it is evaluated that Mr Arkady Volozh, who is founder and CEO has private property up to 42,000 million baht.
However, sometimes business-related to a lot of data is often troubled because government concerns about the security of important data that could slip into the hands of dissent countries.
Yandex was recently ordered to restructure the company without a single shareholder over 10 % and limit total expat shareholders to 50 %
Yandex story makes us know
In many countries, strong foreign brands often scare local business owners and dare to do anything.
But really, what those companies can fight with us is understanding the unique characteristics of domestic consumers.
So if you keep opening the door to opportunities.
At the end we may succeed.
Like the case of Yandex that has become everything in Russian life..
╔═══════════╗
cuddle Update the situation and economic situation with Blockdit
There's a podcast to listen to on the go.
Blockdit.com/download
╚═══════════╝
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References
-https://en.m.wikipedia.org/wiki/Yandex
-https://www.wired.co.uk/article/russias-search-engineer
-https://www.oberlo.com/statistics/search-engine-market-share
-https://yandex.com/support/all-services/
-https://www.statista.com/statistics/225701/revenue-of-yandex-since-2007/
-https://www.statista.com/statistics/225709/net-income-of-yandex/
-https://ir.yandex/news-releases/news-release-details/yandex-announces-first-quarter-2020-financial-results
-https://ir.yandex/news-releases/news-release-details/yandex-announces-fourth-quarter-and-full-year-2018-financial
-https://www.reuters.com/article/us-yandex-fund-law/russias-yandex-gets-green-light-from-putin-over-new-governance-structure-idUSKBN1Y10WS
-https://en.m.wikipedia.org/wiki/Arkady_VolozhTranslated
internet governance examples 在 Charles Mok 莫乃光 Facebook 的最讚貼文
我今天早上在香港電台英文台的《給香港的信》,向香港人警告政府和保皇黨企圖以「假新聞」作藉口而引入對互聯網內容審查!
Beware: Hong Kong government and pro-establishment politicians are drumming up against "fake news" to justify introducing Internet censorship
-\-\-\-\-\-\-\-\
You may have recently seen a series of so-called government announcements in the public interest, or API, on TV, cautioning the public to be careful about the information they receive on the internet. The API tells the public to verify and fact-check before believing these information, and not to spread misinformation, or the consequences can be devastating.
The advice is reasonable. But the intention may be dubious. Why? It is because the government and especially the police force but have been one of the biggest sources of misinformation in Hong Kong, during the last six months of pro-democracy protests which followed the government’s attempt to ram through the extradition bill. Needless to say, government claims about the extradition bill must have been some of the best examples of spreading misinformation, or simply lies. Likewise, many of the recent claims made by the police about their actions in their almost daily press conferences since this summer must be also justifiably classified as misinformation.
So, it is quite clear to many that what the government is trying to do is to monopolise what is true and what is not. In recent weeks, more and more government officials and senior police officers, running out of arguments to justify their own versions as their truths, simply resort to attacking the other sides’ views as “fake news.”
Some may remember about two month ago, a letter from the police to Facebook was leaked on social media. In the letter, the Police requested the global social media company to remove a number of posts made by different users, based on the allegation that these posts were critical of the police and would potentially harm their reputation. Fortunately, the social media company did not comply with these requests.
The issue at hand is not fake news. The issue at hand is freedom of expression, disguised by the authority in the name of countering misinformation.
This week in the Legislative Council, in a written question put up by the Honourable Ted Hui, the police admitted to 621 removal requests made this year up to the end of November to local and international Internet and social media platforms, a whopping 18 times more than in 2018. The government response puts the blame on “a vast amount of fake news and baseless accusations that targeted the Police.” It is simply ludicrous for a government with the lowest approval and credibility ratings in history to say that. To many, this government which refuses to even allow an independent commission to investigate the police is itself the biggest source of fake news, and not to be trusted.
The government seems to be saying that truth must be approved by authority, and its version of facts cannot be disputed by anyone, especially those who hold a different political view.
So really, where do fake news come from? In August, Twitter, Facebook and YouTube removed over 200,000 accounts which were tied to the China government or state media, that were used purposely to smear the Hong Kong anti-extradition protests, and to spread misinformation about the protests.
Yet, it is now the Hong Kong government and pro-establishment political figures that are making noises about fake news, saying that in order to counter these so-called misinformation, legislation should be passed to ban fake news. They would point to such legislation in other countries such as Germany and France, or Singapore.
When I was in Berlin, Germany, two weeks ago, for the Internet Governance Forum, in a summit with legislators around the world, we compared notes about censorship attempts by different governments in the name of protecting the people, but in fact at the expense of curtailing freedom of expression. A German member of parliament told me in no uncertain term that, quote, misinformation is legal is Germany, end of quote. She said that freedom of expression is enshrined in the German Basic Law and not to be compromised by any other legislation. The new law was just an attempt to regulate contents that are narrowly defined such as relating to criminal defamation, hate crimes, or Holocaust denial. But, criticising the government is certainly a right that is legally protected at the highest level of their constitution. Even so, the legislations of such laws in Germany or France were still very controversial.
When I told this German legislator that pro-government politicians in Hong Kong are justifying removal of content on social media by quoting the German example, her response was — this must be an example of using misinformation to justify laws against misinformation, that is, plain censorship. Her conclusion, laws in one land cannot be copied to another, or there will be abuse.
Hong Kong, by comparison with Germany or France, does not have the democracy and the power vested in the people to protect our people’s own rights. One can reference the recent case of Singapore, where it also passed an anti-fake news law, and in recent weeks have started to enforce it against people posting messages on Facebook. When a member of the opposition party posted an opinion opposing certain government investment decisions, the Singaporean government decided that was fake news.
So beware of the government’s evolving attempts to censor the Internet and social media, by drumming up the negative side. The Big Brother wants to stifle opinions against it, because that is the rule number one of hanging on to the authority they wish to continue to dominate. We must continue to guard against Internet censorship because no one else will save us. It is our — the people’s own — free opinion vs the government’s version of the only truth — that is what it is all about. And it’s worth the fight.
-\-\-\-\-\-\-\-\
https://www.rthk.hk/…/progr…/lettertohongkong/episode/612602
#RTHK #LTHK #censorship #fakenews
internet governance examples 在 Charles Mok 莫乃光 Facebook 的最讚貼文
我今天早上在香港電台英文台的《給香港的信》,向香港人警告政府和保皇黨企圖以「假新聞」作藉口而引入對互聯網內容審查!
Beware: Hong Kong government and pro-establishment politicians are drumming up against "fake news" to justify introducing Internet censorship
--------
You may have recently seen a series of so-called government announcements in the public interest, or API, on TV, cautioning the public to be careful about the information they receive on the internet. The API tells the public to verify and fact-check before believing these information, and not to spread misinformation, or the consequences can be devastating.
The advice is reasonable. But the intention may be dubious. Why? It is because the government and especially the police force but have been one of the biggest sources of misinformation in Hong Kong, during the last six months of pro-democracy protests which followed the government’s attempt to ram through the extradition bill. Needless to say, government claims about the extradition bill must have been some of the best examples of spreading misinformation, or simply lies. Likewise, many of the recent claims made by the police about their actions in their almost daily press conferences since this summer must be also justifiably classified as misinformation.
So, it is quite clear to many that what the government is trying to do is to monopolise what is true and what is not. In recent weeks, more and more government officials and senior police officers, running out of arguments to justify their own versions as their truths, simply resort to attacking the other sides’ views as “fake news.”
Some may remember about two month ago, a letter from the police to Facebook was leaked on social media. In the letter, the Police requested the global social media company to remove a number of posts made by different users, based on the allegation that these posts were critical of the police and would potentially harm their reputation. Fortunately, the social media company did not comply with these requests.
The issue at hand is not fake news. The issue at hand is freedom of expression, disguised by the authority in the name of countering misinformation.
This week in the Legislative Council, in a written question put up by the Honourable Ted Hui, the police admitted to 621 removal requests made this year up to the end of November to local and international Internet and social media platforms, a whopping 18 times more than in 2018. The government response puts the blame on “a vast amount of fake news and baseless accusations that targeted the Police.” It is simply ludicrous for a government with the lowest approval and credibility ratings in history to say that. To many, this government which refuses to even allow an independent commission to investigate the police is itself the biggest source of fake news, and not to be trusted.
The government seems to be saying that truth must be approved by authority, and its version of facts cannot be disputed by anyone, especially those who hold a different political view.
So really, where do fake news come from? In August, Twitter, Facebook and YouTube removed over 200,000 accounts which were tied to the China government or state media, that were used purposely to smear the Hong Kong anti-extradition protests, and to spread misinformation about the protests.
Yet, it is now the Hong Kong government and pro-establishment political figures that are making noises about fake news, saying that in order to counter these so-called misinformation, legislation should be passed to ban fake news. They would point to such legislation in other countries such as Germany and France, or Singapore.
When I was in Berlin, Germany, two weeks ago, for the Internet Governance Forum, in a summit with legislators around the world, we compared notes about censorship attempts by different governments in the name of protecting the people, but in fact at the expense of curtailing freedom of expression. A German member of parliament told me in no uncertain term that, quote, misinformation is legal is Germany, end of quote. She said that freedom of expression is enshrined in the German Basic Law and not to be compromised by any other legislation. The new law was just an attempt to regulate contents that are narrowly defined such as relating to criminal defamation, hate crimes, or Holocaust denial. But, criticising the government is certainly a right that is legally protected at the highest level of their constitution. Even so, the legislations of such laws in Germany or France were still very controversial.
When I told this German legislator that pro-government politicians in Hong Kong are justifying removal of content on social media by quoting the German example, her response was — this must be an example of using misinformation to justify laws against misinformation, that is, plain censorship. Her conclusion, laws in one land cannot be copied to another, or there will be abuse.
Hong Kong, by comparison with Germany or France, does not have the democracy and the power vested in the people to protect our people’s own rights. One can reference the recent case of Singapore, where it also passed an anti-fake news law, and in recent weeks have started to enforce it against people posting messages on Facebook. When a member of the opposition party posted an opinion opposing certain government investment decisions, the Singaporean government decided that was fake news.
So beware of the government’s evolving attempts to censor the Internet and social media, by drumming up the negative side. The Big Brother wants to stifle opinions against it, because that is the rule number one of hanging on to the authority they wish to continue to dominate. We must continue to guard against Internet censorship because no one else will save us. It is our — the people’s own — free opinion vs the government’s version of the only truth — that is what it is all about. And it’s worth the fight.
--------
https://www.rthk.hk/radio/radio3/programme/lettertohongkong/episode/612602
#RTHK #LTHK #censorship #fakenews