UCWeb to invest $2bn in India, Indonesia market

摘要

UCWeb, part of Alibaba Mobile Business Group, has announced its plans to invest $2bn (200mn RMB) over the next two years in India and Indonesia market. The funds will primarily be used to tap the huge potential of user-generated content in India via its news distribution and content platform, UC News. UC News, a major product of UCWeb Inc. is a big-data powered content distributor, serving as a one-stop source of trending and curate news content. It will be covering all popular categories that Indian users can consume on the go, with featured channels including news, cricket, technology, entertainment, movies, lifestyle, health, humor, and more. Within five months of its launch, UC News became the top app under News Category on Google Play.