Yandex LLC (Russian: Яндекс, romanized: Yandeks, IPA: [ˈjandəks]) is a Russian multinational technology company providing Internet-related products and services, including an Internet search engine called Yandex Search, cloud computing launched in 1997, information services, e-commerce, transportation, maps and navigation, mobile applications, and online advertising. Yandex Holding Company was incorporated in 2000. As of 2016, it primarily served audiences in Russia, Kazakhstan, Belarus, Ukraine, Turkey and countries with a significant Russian-speaking population.
As of 2017, the firm was the largest technology company in Russia. It had more than 30 offices worldwide in 2018. Its main competitors in the Russian market are Google, Microsoft, VK, and Rambler. Yandex Search has the largest market share of any search engine from Europe and the Commonwealth of Independent States, is the third largest search engine worldwide after Google and Bing, and had 60% of the Russian search market as well as being the leading search and ride-sharing in Russia as of December 2021.
Yandex LLC's holding company, Yandex N.V., was a naamloze vennootschap (Dutch public limited company) with its head office listed at an address of a virtual office in Amsterdam's Schiphol Airport. Yandex N.V. is listed on the Nasdaq as YNDX Class A ordinary shares (not an ADR and was listed on the Moscow Exchange, although trading in Yandex shares on Nasdaq was suspended in February 2022.
In February 2024, Yandex N.V. announced the sale of the majority of its assets to a consortium of Russia-based investors. In July 2024, the $5.4 billion sale was completed, giving the Kremlin more control over the business. Yandex will start trading on the Moscow Exchange with the new ticker symbol YDEX as of 24 July 2024.