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Q1 Revenue Rises 45% at Mail.Ru

By Rachel Nielsen / The Moscow Times

... said in a telephone interview. Mail.Ru also owns the Moi Mir social-networking site and instant messaging applications ICQ and Mail.Ru Agent. It holds about a 40 percent stake in VKontakte, the Russian equivalent of Facebook, and about 21 percent of electronic-payments company Qiwi. Russia has the greatest number of Internet users in Europe, or 51 million users, but that is just 36 percent of the population, meaning there is significant growth potential. 396846 179742

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