The momentum of the micro-test hydro-electric operator has made it more complicated to compete in the domestic electricity market, which makes it necessary for Ali to speed up the layout at the mobile end. UCWeb's 300 million active users in the second quarter have achieved good results in Vietnam, Indonesia and the Middle East, with 29.9% per cent of the country's mobile browsers ranked first. So it has the potential to help Ali compete for more traffic at the mobile end.
UCWeb CEO Yu said UCWeb will continue to be listed in the U.S. and will continue to work with domestic internet rivals. He also said that Ali had a strategic investment in UCWeb in 2009, followed by additional investment in another round of financing, Yu did not disclose the specific share of Ali in UCWeb. Compared to the holding or wholly-owned acquisition of UCWeb, Ali Strategic investment UCWeb is consistent with its previous mergers and acquisitions, in April it took a 586 million dollar stake in Sina Weibo, shares 18%, May and 294 million U.S. dollars to acquire a gold map 28% of the shares.
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