Mail.Ru

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Mail.Ru Group
Mail.Ru logo.svg
TypePublic corporation
Traded asLSEMAIL
Foundation date1998
HeadquartersMoscow, Russian Federation
Key peopleDmitry Grishin
IndustryInternet information providers
ProductsInternet services (electronic mail, search engine, website catalogue, instant messaging, blogging, information, answers service)
ServicesEmail & potal, Social networks, Instant messaging, Online games, Search & e-commerce
Employees3 000
Websitemail.ru
Alexa ranknegative increase 37 (February 2014)[1]
Type of siteweb portal
Advertisingyes
Available inRussian
Launched15 October 1998[2]
Current statusactive
 
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Mail.Ru Group
Mail.Ru logo.svg
TypePublic corporation
Traded asLSEMAIL
Foundation date1998
HeadquartersMoscow, Russian Federation
Key peopleDmitry Grishin
IndustryInternet information providers
ProductsInternet services (electronic mail, search engine, website catalogue, instant messaging, blogging, information, answers service)
ServicesEmail & potal, Social networks, Instant messaging, Online games, Search & e-commerce
Employees3 000
Websitemail.ru
Alexa ranknegative increase 37 (February 2014)[1]
Type of siteweb portal
Advertisingyes
Available inRussian
Launched15 October 1998[2]
Current statusactive

Mail.Ru Group (LSE:MAIL, listed since November 5, 2010) is a leading Internet company in the high-growth Russian-speaking Internet markets (Russia is Europe's largest Internet market measured by number of users, comScore). Mail.Ru Group's sites reach approximately 86% of Russian Internet users on a monthly basis (comScore, March 2013) and the Company is in the TOP-5 largest Internet business, based on the number of total pages viewed (comScore, March 2013).

In line with the Communitainment (Communications + Entertainment) strategy the Company is moving rapidly to build an integrated communication and entertainment platform. The Company operates two of the three largest Russian language online social networking sites (Odnoklassniki and Moi Mir (or "My World")). The Company also operates the two largest Instant Messaging networks in Russia (Mail.Ru Agent and ICQ), Russia's leading email service and Russia's largest Internet portal Mail.ru, and the Company operates Russia's largest online games platform.

The Company holds strategic minority equity stakes in VKontakte (39.99%) and Qiwi, formerly OE Investments (15.04%). The Company also holds small minority stakes in international Internet companies including a number of small venture capital investments in various Internet companies in Russia and Ukraine.

History[edit]

The business was originally owned by Port.ru, a company founded in 1998 by Eugene Goland, Michael Zaitsev and Alexey Krivenkov as spin-off from DataArt. It received an initial investment of USD 1 million from the well-known investor (and fencing champion) James Melcher.

The Mail.ru business expanded rapidly to reach the No. 1 market position in Russia by 2000. Attempts to fund the company’s expansion in 2000-2001 were thwarted by the collapse of the technology bubble and Mail.ru was forced to seek merger partners.

In 2001, Yuri Milner, who was managing NetBridge (the owner of less popular internet brands) persuaded the well-known entrepreneur Igor Linshits to back a merger of the Mail.ru business with NetBridge. Igor Linshits subsequently took an active role in the development of the Mail.ru business. In connection with the merger, Milner became Mail.ru CEO.

The company started to operate under its present name on 16 October 2001. Before that time its brand name was owned by Port.ru. It is headed by Dmitry Grishin. As of 2009, its global Alexa rating is 29.[3]

In 2003, Milner resigned from Mail.ru and subsequently set up another internet venture, Digital Sky Technologies (DST).[4] In 2006, Igor Linshits sold his stake in Mail.ru to Tiger Fund and Milner's DST for more than $100 million. In September 2010, DST changed its name to Mail.ru Group.[5] Dmitry Grishin became one of the Mail.ru Group co-founders.[6]

In October 2010, Mail.ru announced plans for an IPO via the London stock market listing of a subsidiary – also called Mail.ru – worth more than $5bn.[7] The IPO will offer a stake of about 17% of the subsidiary. The subsidiary will include about a quarter of the group’s shareholding in Facebook, stakes in Russia’s two biggest social networking sites and Mail.ru. The company has hired Goldman Sachs, JP Morgan, Morgan Stanley and VTB Capital to run the listing.

In March 2012, Yuri Milner has stepped down from the role of Chairman of Mail.ru and from the Board of Directors.[8] Dmitry Grishin was elected to the Board of Directors and appointed as Chairman of the Board while retaining his CEO position. There were no other changes to management or to the Board.[9]

Statistics[edit]

Services[edit]

Mail.Ru Group offers a variety of online communication products and entertainment services for Russian speakers all over the world

References[edit]

  1. ^ "Mail.ru Site Info". Alexa Internet. Retrieved 2014-02-02. 
  2. ^ "Mail.Ru празднует 10-летие" (in Russian). Archived from the original on 2010-08-27. 
  3. ^ "www.alexa.com". www.alexa.com. 2009-06-30. Retrieved 2011-12-21. 
  4. ^ Digital Sky Technologies ("DST") Changes Name to Mail.ru Group[dead link]
  5. ^ Weaver, Courtney (2010-10-26). "Testing Russian charm in the City". Ft.com. Retrieved 2011-12-21. 
  6. ^ "Mail.ru group corporate governance". mail.ru group. 2012-03-18. Retrieved 2012-03-18. 
  7. ^ Weaver, Courtney (2010-10-08). "Investors offered a slice of Facebook". Ft.com. Retrieved 2011-12-21. 
  8. ^ "Yuri Milner Is Freed From Mail.ru Board To Take Care Of Business". TechCrunch. 2012-03-14. Retrieved 2012-03-18. 
  9. ^ "Mail.ru group limited: Appointment of new Chairman". mail.ru group. 2012-03-14. Retrieved 2012-03-18. 
  10. ^ "www.alexa.com". www.alexa.com. 2009-06-30. Retrieved 2011-12-21. 
  11. ^ Tuesday, December 15th, 2009 (2009-12-15). "Confirmed: Google To Power Search, Ads On Mail.ru Starting January 2010". TechCrunch. Retrieved 2011-12-21. 
  12. ^ "African Naspers buys 30% stake in one of Russia’s biggest internet portals". C-News. 2007-01-24. Retrieved 2007-06-05. 

External links[edit]