Top 1 UCWeb Inc
Investment: Unknown
Share: 100 percent
Date: June 11
The biggest Internet deal in China will mainly be done using Alibaba's stock with a smaller part as cash. It was reported that Alibaba has invested about 30 billion yuan ($48.32 billion) in the company as of the buy-out. The two companies have decided to set up the UCWeb Mobile Business Group to deal with businesses like Internet browsers, search services, location-based services, mobile gaming platforms, mobile application distribution and mobile literature services.>>> more
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A Chinese resident uses the UC Browser, backed by Chinas largest e-commerce giant Alibaba, on his smartphone in Chongqing, China, Oct 5, 2011. [Photo / IC] |
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