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Yandex leads ranking of most expensive Runet companies, Forbes magazine reports

The No. 2 spot in the rating went to online retailer Wildberries, which was valued at $7.2 bln, with its competitor, Ozon, taking third place at a value of $7 bln

MOSCOW, February 22. /TASS/. Yandex has ranked in first place for the sixth year in a row in a rating of the most expensive companies in the Runet, or Russian segment of the Internet, published by Forbes magazine, which said the Russian tech giant's value amounted to $12.5 bln.

The No. 2 spot in the rating went to online retailer Wildberries, which was valued at $7.2 bln, with its competitor, Ozon, taking third place at a value of $7 bln. Online marketplace Avito took fourth place with a value of $3.4 bln.

Also the most highly valued Runet companies according to the magazine were 1C ($2.8 bln), Kaspersky Lab ($2.1 bln), HeadHunter ($1.9 bln), VK ($1.8 bln), Positive Technologies ($1.6 bln) and SKB Kontur ($1.4 bln).

In total, the rating includes 30 companies that generate revenue on the Internet. Their value was assessed as of February 1, 2024. Forbes requested financial indicators and calculated the value of the companies against comparable public company counterparts. Also, estimates and data on the companies' stock transactions from financial analysts were taken into account.

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Internet & Telecom

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Companies have submitted a respective request to the Industry and Trade Ministry, the source said

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Frank Giletti asked to speed up the commissioning of previously ordered Rafale planes to the armed forces

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Russia for the first time displays Su-57 jet at China show

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Medvedev characterizes Great Britain as eternal adversary of Russia

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