Support The Moscow Times!

Russian Internet Giant Mail.Ru Launches New Gaming Division

Yevgeny Razumny / Vedomosti

One of Russia’s top internet companies has announced the multi-million-dollar launch of a new gaming division.

Mail.Ru Group has earmarked $100 million dollars to invest in joint ventures with game developers in Russia and abroad over the next two years, the Vedomsti newspaper reported Tuesday.

Ilya Karpinsky, a managing partner of the new project, said the company was primarily interested in mobile games, but could expand into the PC and console market for “the right project.”

Karpinsky said that developers would get the full benefit of the Mail.ru group’s existing resources and infrastructure, as well as financing.

Founded in 1999, Mail.ru currently controls Russia's most popular social network, VKontakte. The company was valued by Forbes at $4 billion in February 2017.

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.