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Yandex Ventures into the Cloud Sector

Yandex Ventures into the Cloud Sector

Yandex (YNDX) has entered the cloud computing market, setting itself up for competition with Amazon (AMZN), Microsoft (MSFT), and others in the fast-growing global cloud market. Yandex.Cloud, the brand name of Yandex’s cloud computing business, launched on September 5. Amazon operates its cloud business under its Amazon Web Services brand, and Microsoft operates its core cloud business under its Azure brand.