Rumor: Alibaba, UCWEB Cooperate on Mobile E-commerce

21st Century Business Herald, 4/30/09

A source with a wireless value-added service provider (SP) has said that Chinese e-commerce firm Alibaba.com (1688.HK) and mobile browser developer UCWEB have reached a cooperation agreement. Under the agreement, Alibaba will invest approximately USD 12 mln in UCWEB to create an e-commerce service for the mobile Internet. So far this information has not been confirmed.

Editor's Note: According to Sina Tech, a reliable source said Alibaba is in negotiation with UCWEB for strategic investment involving several million US dollars. Currently this project is in the negotiation stage and details have not yet been decided.

Keywords: WVAS WAP 1688.HK Alibaba e-commerce investment mobile browser mobile Internet UCWEB wireless m-commerce

Feedback

Sending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily