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Alibaba Acquires UCWeb (maker of China’s and India's Most Popular Mobile Browser) for roughly $2 billion.

Stashed in: Mobile!, India, Web Browsers, Alibaba, Alibaba

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$2 billion?! For a web browser company??

Though Alibaba did not disclose how much the deal is worth, it did say that it is worth more than the $1.9 billion paid for 91 Wireless by Baidu last year, formerly the biggest deal in China’s Internet sector.

In a statement, the companies said “The move highlights the comprehensive integration of Alibaba and UCWeb following Alibaba’s investment in UCWeb in 2009 and 2013, and will enables deeper synergies between the companies by marrying Alibaba’s strengths in e-commerce, cloud computing and big data technology and UCWeb’s leading market position and technology in mobile.”

UC Mobile will oversee Alibaba’s browser, mobile search, location-based services, mobile gaming, app store and mobile reader operations.

UCWeb is one of the biggest web browser companies in China, with more than 50% market share. It also surpassed Opera as the top mobile browser in India last year, when Alibaba founder and chairman Jack Ma joined UCWeb’s board of directors, and now holds a 35% market share according to StatCounter, compared to Opera’s 25%.


The move is significant because it builds up Alibaba’s mobile strategy, making it a more formidable competitor to other Chinese companies like Baidu, which reportedly tried to buy UCWeb in June 2012, and Tencent. It may also mean that Alibaba plans to strengthen its presence in India and other emerging markets. UCWeb named India as its second headquarter in April 2013, while UC Browser has grown worldwide by forming partnershipswith phone makers including HTC, Samsung, Nokia, LG, Lenovo, and carriers such as Vodafone, China Mobile, and China Telecom.

Brilliant. Alibaba is brilliant!

Yesitis.  When is Alibaba's IPO?

Summertime. Likely August or September.

September. And it was huge. 

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