eHouse Holding, the Russian online retailing giant, has acquired two internet properties in a buy-back from Rambler Media. eHouse originally sold a 51% in Paintium, which operated the two properties, to Rambler for $3.3 million in mid 2006. Despite the high price tag, Rambler Media never manged to integrate Damochka.ru and BannerBank into its operations [...]

Internet retailing in Russia got a big boost this week as X5 Retail Group announced a joint venture with eHouse Holding to develop online sales of non-food products. X5, already Russia’s largest retailer by volume, has acquired a 51% stake of eHouse web portals Bolero.ru and 003.ru for USD 1 million, with a five-year option [...]