World’s largest online marketplace, eBay is entering the Russian market under the banner of eBay Marketplaces, according to Yandex.News. The Russian office of eBay will be headed by Vladimir Dolgov, who has been General Manager of Google Russia since December 2005. Previously, he was General Manager at OZON.ru.
eBay‘s payment system PayPal is limited for use in Russia. For example, one can’t withdraw money from PayPal to a Russian bank account. Google has not appointed a new country manager for Russia yet.
In 2012, the largest Russian venture capital investments included $75 million in Avito.ru by Baring Vostok and Accel, $5 million in HomeMe by Mangrove Capital and $10 million in Oktogo.ru by VTB Capital.