USM is an indirect shareholder in Mail.Ru Group, one of Russia's leading internet companies.
Mail.Ru Group, international brand My.com (MAIL.IL, listed since November 5, 2010, and founded in 1998) is the largest internet holding in Russia in terms of total daily audience.
Mail.Ru Group develops an integrated platform of communications and entertainment internet services. The Group owns Russia's leading email service and one of Russia's largest internet portals; leading Russian language social networks, VKontakte and Odnoklassniki; a portfolio of the largest MMO games; instant messaging services, as well as e-commerce platforms, Delivery Club, Youla and Pandao. In September 2018, Mail.Ru Group announced plans to create a joint venture with Alibaba Group, which will become the largest marketplace in Russia and the CIS.
Mail.Ru Group's largest shareholders are Naspers, Tencent and JSC MF Technologies. As of October 2018, Mail.Ru Group's CEO (Russia) is authorised to exercise the voting rights of the shares held by USM in MF Technologies. Currently, there is no single party controlling Mail.Ru Group via MF Technologies.