Comment on Alibaba Has Fully Acquired Chinese Mobile Browser and Search Service Provider UCWeb by Alibaba, Who Said They'd Never Tap into Gaming, Now Gets into It in a Big Way | TechNode

['Tracey Xiang', 'More Tracey Xiang', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2014-06-11 00:00:00

Alibaba Group and UCWeb, Chinese mobile browser and search service provider, announced today Alibaba has fully acquired the latter. UCWeb will become UC Mobile business group of Alibaba Group, and Yu Yongfu, CEO and chairman of UCWeb, will be the president of the business group and join Alibaba Group’s strategy committee (not official translation). UCWeb will also be used to develop new Internet products Alibaba needs, such as the PC/smart TV browsers and mobile search Shenma. The UC business group will be responsible for the browser, mobile search, location-based services, mobile gaming, app store and mobile reading, according to the statement by Alibaba. Shenma, the mobile search brand jointly launched by Alibaba and UCWeb recently, claimed it had had 20% market penetration shortly after it replaced Baidu with its own search service.