Yandex ranked largest Russian internet company - Forbes

PanARMENIAN.Net - Internet search engine Yandex ranks first among Russia’s largest Internet companies, according to a survey posted by the Forbes magazine on its website on Monday, February 27, RIA Novosti reported.

Forbes ranked Russian companies by their annual revenues, which put Yandex in the first place last year with $690 million, far ahead of second-placed Mail.ru with just $515 million.

Utkonos, the Internet-based supermarket chain, came third, followed by AnywayAnyday and Ozon online sellers. Avito.ru is ranked as the tenth largest internet firm in Russia.

Russian companies needed to have annual sales of at least $140 million to join the list of the top ten Internet companies and $10 million to be included in the list of Russia’s 30 largest Internet firms.

Forbes did not include the subsidiaries of foreign companies like Google in its rating, and also firms that mainly generated revenues offline, like Aeroflot airline, electronic retailer Eldorado, and mobile phone retailer Svyaznoy.

The revenues of Russian Internet firms are far behind world Internet giants, with Google’s sales exceeding the revenues of all Russian websites put together, Forbes said.