Top 10 ways Alibaba is building an empire

Updated: 2014-06-30 07:11

By He Yini (chinadaily.com.cn)

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

Top 10 ways Alibaba is building an empire

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]

Top 10 ways Alibaba is building an empire

Top 10 ways Alibaba is building an empire

Top 10 ways Alibaba is building an empire

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