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Yandex Holds 65% of Russian Contextual Ads Market Valued at $430M in H1 2011

Files under: News
Posted by: admin @ 02:33 [13. 07. 11]

The Russian contextual advertising market was valued at more than 12 billion Roubles (ca. $430 million) in the first half of 2011. The market has increased 60% year-on-year. The leading Russian search engine company Yandex, which completed $1.4 billion IPO on NASDAQ in May 2011, holds 65% share of the Russian contextual advertising market. Yandex‘ [...]