Shoptime’s $50M Heats Up Russia’s E-Commerce War

Woman running with shopping bag

It’s been a big week for Russian web companies, with search engine Yandex hitting Nasdaq and billionaire investor Yuri Milner stepping down from his role at Mail.ru. But perhaps both of those have been topped by the news Shoptime.ru is about to receive a bumper $50 million investment from rival KupiVIP, according to reports in the local media.

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