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Super-app envy

4 March 2021 By Dasha Afanasieva

CEO German Gref wants the $85 bln Russian lender to earn 60% of revenue from services like e-commerce and streaming by 2030. Last year they brought in just 2% and made a loss. Without a clear plan, investors will treat it like a bank. At 1.2 times book value, that’s not too bad.

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