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June 11, 2014 09:22 am GMT

Alibaba Acquires UCWeb, Maker Of Chinas Most Popular Mobile Browser

UCWeb UC BrowserAlibaba, already an investor in UCWeb, will buy all remaining shares of the web browser and search company. The two firms announced the merger, one of the most significant among Chinese Internet companies to date, earlier today. UCWeb will join UC Mobile, one of Alibaba’s business unit as Alibaba preps for its U.S. IPO. Read More

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/HvR2EyUixIU/

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