Report
Maria Sukhanova ...
  • Svetlana Sukhanova

Wire Tap - Taxi in Russia and Other News

Today we launch "Wire Tap," a new product highlighting interesting local news that might not otherwise make it into sell-side research. Each issue will also feature a deeper look at one theme. In this inaugural piece we focus on the taxi market. Based on research by a Russian government think tank and our Sberbank CIB Ivanov Tracker, we still see huge scope for further disruption to the traditional taxi business. Yandex.Taxi together with Uber still account for just 10% of rides, while telephone-based orders dominate the market. In the news briefs, we touch on Yandex's car sharing and its new producer center, the monetization of Mail.ru Group's Youla, MTS's Ticketland.ru, the smartphone market, e-government and MVNO tariffs in Moscow. We would welcome feedback and suggestions for future issues.
Underlyings
Mail.ru Group Ltd. Sponsored GDR

Mail.Ru Group is an Internet company based in the Russian Federation. Co. operates the email service [email protected] and two IM networks in Russia - Mail.Ru Agent and ICQ. Co. operates two Russian-language online social networking sites: Moi [email protected] and Odnoklassniki.ru, and owns a strategic minority equity stake in the social network Vkontakte. Co. is also engaged in developing projects in E-commerce and operating more than 40 thematic vertical sites, targeting various user categories. Co. is also Russia's predominant online games company. Co. maintains a portfolio of online games which includes 34 MMO games and over 30 games for social networking sites.

Yandex NV Class A

Yandex is an internet and technology company that operates an internet search engine in Russia. Co. builds intelligent products and services powered by machine learning. Co.'s products and services are based on complex, unique technologies that are not easily replicated. Co. generates substantially all of its revenues from online advertising. Co. also generates revenues from its e-commerce offerings, classifieds and e-hailing service. Co.'s businesses are organized in the following operating segments: Search and Portal; E-commerce; Taxi; Classifieds and Experimental businesses.

Provider
Sberbank
Sberbank

​Sberbank CIB Investment Research is a research firm offering equity, fixed income, economics, and strategy research. It covers analysis on all aspects of Russia’s capital markets, issues and industries. The firm analyzes trends in Russia and combines local knowledge with a global perspective. It processes macroeconomic data, market and company-specific news, stock quotes and other information for providing research reports. The firm provides details and latest prices on the most traded names and most traded paper on all segments Russian market. In strategy research, it provides thematic research, tips and descriptions of the methodology used to evaluate companies.

Analysts
Maria Sukhanova

Svetlana Sukhanova

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