Jack Ma Takes New Role In Chinese Web Browser Company

News Source: ChinaTechNews.com

Jack Ma, founder of Alibaba, will reportedly join the board of directors at UCWeb, a Chinese provider of mobile Internet software technology and Web browser services.

Yu Yongfu, chief executive officer of UCWeb, said during an interview quoted in local media that Alibaba's third-party Internet payment subsidiary Alipay.com and UCWeb's browser product have already been integrated.

After Ma takes the director role in UCWeb, the company will become a firm part of the Alibaba camp. By the end of the second quarter of 2013, UCWeb reportedly had about 300 million quarterly active users, which is huge potential power to promote the growth of mobile traffic of Alibaba services.

Yu revealed that Alibaba Group made a strategic investment in UCWeb in 2009 and it invested additional capital in another round of UCWeb financing. Yu said the group n...

This news article comes via ChinaTechNews.com , who is the copyright owner of this information and news. FintekAsia.com has licensed the rights to this article and any republication or re-distribution in whole or in part of this content is strictly prohibited without the express consent of ChinaTechNews.com

You May Also Like