I nform-mobil ( IMMO ), Russian mobile content and service provider, has recently published a list of top 10 most sold Java mobile games in Russia. Even when console games were taking over the world elsewhere, PC games persevered in Russia. According to the list, the most downloaded title was Who Wants To Be A Millionare? MORE >>

Mail.ru ($515 million) – display and contextual advertising, online games and social services. Vkontakte ($152 million) – social network services. RBC ($150 million) – display advertising and social services. Forbes.ru Utkonos, the internet-based supermarket chain came in third with $300 million. MORE >>

Is Russia becoming a new frontier for US venture capitalists? Exemplifying the invest in Russia trend is Tiger Global Management, a New York-based international investment management firm. Russia’s new appeal comes as a logical consequence of the fast growth of its innovation-led markets. Petersburg last year. www.ewdn.com. MORE >>

On the Internet, I would add new social networking sites, and new matchmaking sites. Most investors like to maintain a squeaky clean image, so would consider it high risk to invest in businesses on the margin of legality or social acceptability. We all know that every startup is risky. No risk means no reward. Marty Zwilling. MORE >>

In a nutshell, the company operates a social network for companies, which has seen first concrete solutions in the areas of e-invoicing and cashflow management. Tradeshift , originating from Denmark, has announced a $17M investment round from two Moscow based investors at a valuation of $137M , according to a recent press release. MORE >>