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Alibaba’s UC Web is All Set to Invest Rs 200 Crore in India, Indonesia

by Chinmay Bidkar
January 20, 2017
in News
Reading Time: 1 min read
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Alibaba’s UC Web is All Set to Invest Rs 200 Crore in India, Indonesia
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20 January 2017, India:

UCWeb, a part of Alibaba Mobile Business Group, plans to invest Rs 200 crore over the next two years in India and Indonesia as per Bloomberg Quint report.

“Out of the planned 2 billion rupees spend, more than 60% will go towards India while rest is allocated to Indonesia,” Alibaba Mobile Business Group general manager— Overseas, Kenny Ye said.

Jack Huang, President of Overseas Business, Alibaba Mobile Business Group said, “As India enters the age of increased content consumption through its mobile devices, there is a huge potential for the growth of user-generated content in India similar to what has happened in China. There are more than 600 million mobile users and 20 million online content creators in China whereas India currently has 371 million mobile users with miniscule contribution from self-publishing outlining a huge demand-supply gap.

Also read- APPLE TO RAISE APP STORE PRICES IN INDIA, OTHER COUNTRIES

He added, “India is the most critical overseas market for UCWeb and this investment will help bring in the global mobile internet to an era of ‘GUF’ (Google, UCWeb and Facebook).”

The company is trying to close this gap by investing in content distribution platform in India. UC Browser is rated No.1 mobile browser in India (according to StatCounter) having integrated news feeds with UC News. (Image- pymnts.com)

Also read- CLASH OF CLANS’ DEVELOPER SUPERCELL HACKED!
Tags: AlibabaIndiaIndonesiaInternet BrowserInvestmentUC Web
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Chinmay Bidkar

Curious, Keen Observant & Dynamic! Chinmay finds peace in meeting people who work hard for humanity. He has new found interest in Gadgets and Techs and at Techstory he gets to write about it! Reach out at- [email protected]

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