What is Yandex? Yandex Review, Features

Yandex is a Russia-based technology company founded in 1997. It is known for its search engine and internet services and is currently the largest search engine company in Russia and one of the largest web companies in the world.

About Yandex

• Yandex was founded in 1993 by its two founders, Arkady Volozh and IIya Segalovich, who coined the term "Yet Another Indexer" as an abbreviation.

• On September 23, 1997, the Russian search engine Yandex (Russian for "language directory") went online for the first time.

• In 2000, Arkady Volozhe founded the independently operated Yandex company in Moscow.

• In 2004, Yandex launched regional projects ("Cities" section), which helped attract advertising cooperation from all over the world. Yandex experts often go on tour. All services take into account the user's geographical location: you can search on regional websites, "News" provides local information, and "Market" first offers items from regional stores. The sharp increase in the number of users of Yandex's Internet services has made "Yandex. WiFi" the largest website to Russia's free wireless channel. Yandex. is a platform for Internet users to browse and advertisers to focus on.

• In May 2010, Russia's local search engine Yandex launched a new service that allows users to search for foreign websites in Latin languages.

• In May 2011, Yandex was listed on the Nasdaq Stock Exchange in the United States, and its market value rose to US$13 billion.

• On September 1, 2014, founder Arkady Volozh resigned as CEO of Yandex, but remained as head of the group.

• On November 24, 2017, Uber and Yandex agreed to merge their ride-hailing businesses in Russia. Uber will invest $225 million in the joint venture, accounting for 36.6% of the shares, Yandex will invest $100 million, accounting for 59.3% of the shares, and the remaining 4.1% will be held by employees.

• According to user statistics, Yandex Search is currently the largest Russian search engine, indexing more than 10 billion web pages and accounting for more than 64% of the market. Yandex Search's main competitors in Russia include Google, Mail.ru and Rambler. Although search giants such as Google and Yahoo have Russian interfaces and provide Russian search, they still cannot shake their market position in Russia. Google's market share in Russia is 21.9%. Yandex has thus joined Baidu and NAVER as a mainstream search engine in non-English-speaking countries.

Yandex products and services

● Search Engine: Yandex provides an extensive search engine that can search in various languages ​​and content. Yandex also provides image search, video search, news search, and map search.

● Mail Service: Yandex Mail is a free email service that allows users to send and receive emails and use additional features such as calendars, contact lists, and task lists.

● Browser: Yandex Browser is a free browser based on Google Chromium that combines features such as smart antivirus protection, data synchronization, and smart bookmark management.

● Music service: Yandex Music is one of the most popular music streaming platforms in Russia. It offers millions of songs, and users can create their own playlists or use playlists generated based on their personal preferences.

● Mobility services: Yandex Go is a mobility service that provides a variety of transportation options such as ride-hailing, ride-sharing, taxis, and public transportation. Yandex Go also provides other services such as food delivery, medicine delivery, and store shopping.

● Other Services: Yandex also provides many other services such as cloud storage, advertising network, AI voice assistant and virtual assistant, etc.

Advantages

• Technology: Yandex (hereinafter referred to as "the Company") attaches great importance to the research and development of technologies such as independent search, and the development of the Company is inseparable from the research and development of technology;

• Localization: The company compares itself to China's Baidu and South Korea's Naver. Based on the Russian language foundation, it focuses on providing Russian-speaking users with a full range of services including search. In 2010, revenue from Russia accounted for 98% of its total revenue.

• Culture: The company has established a data research center in Russia to cultivate technical talents, and the company and Russia as a whole respect the technical culture;

• $1.3 billion: This is the company's IPO financing of $1.3 billion, which may create the largest financing scale for an Internet company since Google's $1.7 billion in 2004.

• $8 billion: The offering price is set at $25, which values ​​the company at more than $8 billion.

• 65%: In the first quarter of 2011, the company's search homepage Yandex's market share in Russia rose to 65%, while Google's was 22%.