Jack Ma Takes New Role In Chinese Web Browser CompanyAugust 27, 2013 | Print | Comments | Category: Internet, Software
Jack Ma, founder of Alibaba, will reportedly join the board of directors at UCWeb, a Chinese provider of mobile Internet software technology and Web browser services.
Yu Yongfu, chief executive officer of UCWeb, said during an interview quoted in local media that Alibaba's third-party Internet payment subsidiary Alipay.com and UCWeb's browser product have already been integrated.
After Ma takes the director role in UCWeb, the company will become a firm part of the Alibaba camp. By the end of the second quarter of 2013, UCWeb reportedly had about 300 million quarterly active users, which is huge potential power to promote the growth of mobile traffic of Alibaba services.
Yu revealed that Alibaba Group made a strategic investment in UCWeb in 2009 and it invested additional capital in another round of UCWeb financing. Yu said the group now holds a large number of shares in UCWeb; however, the detailed number was not disclosed.
During the interview, Yu revealed that UCWeb will continue to prepare for its IPO in America, and it will continue to seek cooperation opportunities in the Chinese Internet industry.
Leave A Comment:
- Nokia's Beijing Factory May Cut 3,000 Employees
- Midea Predicts Profit Up 50% As Alibaba Cloud Strategy Takes Hold
- Suning Launches Crowdsourcing Services For Chinese Hardware Startups
- Letv.com Establishes New Beijing Company For Mobile Phone Development
- HTC Reports Net Profit Of NTD2.76 Billion In Q2 2014
- Chinese Internet Shoppers Gain More Payment Options For Overseas Buys
- Hon Hai Signs Five New Big Data Projects In Guizhou
- China's Qihoo 360 Targets Silicon Valley Venture Capital
- China Post Invests CNY100 Million In Mobile Payment Services
- China's Aliyun Forms Cloud Computing Partnership With Inspur