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Yandex Triples Russian Online-Taxi Revenue to Stay Ahead of Uber

Yandex NV, the Internet search provider that has kept ahead of Google Inc. in Russia, is also succeeding at fending off another global competitor: Uber Technologies Inc.

Yandex now has more than 15,000 taxis connected to its online-hailing application in Moscow, according to estimates by the city’s Chamber of Commerce. That compares with about 3,000 cars for Uber. Yandex, which still gets most of its cab revenue from the capital, plans to increase coverage to 25 Russian cities by year-end, unit head Tigran Khudaverdyan said in an interview.