Mail.ru Group Ltd (MAIL)

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Company Description

Mail.ru Group Ltd was registered on May 4, 2005 in the Territory of the British Virgin Islands. The Company together with its subsidiaries is engaged in offering online communication products and entertainment services for Russian speakers all over the world. The Company operates in the Internet segment, including portals, social networking and communications, e-payment solutions, online marketplaces, massively multiplayer online games (MMO games), social and mobile games; and has positions in the CIS states where they are present, including Russia, Ukraine and Kazakhstan. The Company's operating segments include; Email & portal, Social networks, instant messaging, online games and Search & e-commerce. The Email & portal segment provides email service in the Russian speaking internet. As of December 2013, it had approximately 45.1 million monthly active users and 18.4 million daily active users in Russia. It only trail Gmail, Yahoo!, Outlook, QQ Mail and 163.com. Its email service is integrated with Company's other communications services including; Mail.Ru Agent, My World and several others. The Social networks segment operates two of Russia's online social networks - Odnoklassniki and My World. It enables users to find and communicate with friends, family and colleagues. Its products include; messaging services, status updates, photo- and user generated video-sharing. The users can play games together, send each other online gifts, recommend websites and keep track of events, such as birthdays. The instant messaging (IM) services segment is an integral part of its communication ecosystem. It operates two IM networks; Mail.Ru Agent, its original internally developed product, and ICQ, which it acquired from AOL in July 2010. The Company introduced video calls and stickers on Mail.Ru Agent and ICQ mobile apps and released mobile messaging app myMail under the my.com brand. The app features lightweight design; text, photo and video messages; voice and video calls; sti