Yandex Loses Russian Market Share to Google, Vedomosti Reports

Yandex NV, a Russian Internet search engine, lost market share last year to Google Inc. (GOOG), which is expanding in the country through its Google+ social network and the Android platform for smart phones, Vedomosti said, citing a report by VTB Capital and industry statistics.

Yandex’s market share fell 4 percent points last year to 60.6 percent, while Google boosted its presence to 25.5 percent, Vedomosti said.

To contact the reporter on this story: Ilya Khrennikov in Moscow at

To contact the editor responsible for this story: John Viljoen at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.