Thursday, March 28

Tag: UCWeb

China’s Alibaba Group Eyeing Valuable Acquisition in India
ACQUISITION

China’s Alibaba Group Eyeing Valuable Acquisition in India

China’s e-commerce giant Alibaba Group is eyeing considerable investments in India through valuable acquisitions. The company is looking to buy out content platforms across print, video and web to increase its reach within the country. The e-commerce major stated that it looks upon user data privacy and security with seriousness, and therefore stores most of the user information within servers in India. "India is one of the most important overseas markets for UCWeb. Of the 430 million users that we have on our browser globally, a large chunk of 130 million users come from India," Shunyan Zhu, president of the company said. A mobile browser and content platform called the UCWeb is operated by the Alibaba Group. Due to the expansion in the usage of online browsing platforms, it has now ...
Alibaba Led UCWeb to Invest Rs 200 Cr in India
BUSINESS, CHINA

Alibaba Led UCWeb to Invest Rs 200 Cr in India

Alibaba Mobile Business Group firm UCWeb plans to invest Rs 200 crore in India and Indonesia over the next two years to push distribution of user generated content through its UC News platform. "We will invest Rs 200 crore over the period of 2 years in India and Indonesia to push user generated content like blogs, short videos, non conventional news feeds. Around 60 percent of it (Rs 120 crore) will be invested in India," Kenny Ye, General Manager, Overseas Business for Alibaba Mobile Business Group told Pixr8. He said that the earmarked investment does not include hiring and other business expenditure but will focus only on content generation and distribution. "We will provide people with We Media platform where anyone can register and start publishing content. We are seeing huge...