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Alibaba’s UCWeb to invest $29 mn in India, Indonesia to grow news platform

Thursday, January 19, 2017 | More »

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Mobile Internet firm UCWeb, owned by Alibaba Mobile Business Group, plans to invest $29.3 million (Rs 200 crore) in the Indian and Indonesian market over the next two years. The investment will be used to tap user-generated content in India via its news distribution and content platform UC News, the...