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 email@example.com
To contact the editor responsible for this story: John Viljoen at firstname.lastname@example.org
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.