UCWeb | Pixr8 News

6Sep By Gauri SinghNo Comments

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 ...

UCWeb Launch File Sharing App

UCWeb, a subsidiary of Alibaba Digital Media and Entertainment Group, announced the launch of a new product called UC Share that will enable users to transfer files and share application at high-speed. UCWeb also updated its most popular app, the UC Browser, which is the most trusted mobile browser in India as well as 9Apps, a widely used substitute to Google’s PlayStore that allows the installation of popular Android apps and equipped with file sharing features. UCWeb is aiming to cement its leading position as a mobile internet service provider with the launch of UC Share by enabling mobile users of benefiting several mobile phone features for free. UCWeb is already acclaimed for providing a fast internet browsing experience with UC Share but wishes to in...

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...