Alibaba’s Jack Ma said they’d acquire innovations from outside.

It is rumored that Alibaba acquired Umeng, an app developer support service, and Moji, a weather app. Both are leading services in their respective sectors.

Umeng is among the batch of startups Innovation Works incubated before the latter shifted its focus on venture financing, and raised $10mn funding from Matrix Partners China. Rumor says that Alibaba spent $70mn for it. Founder of Umeng denied it. But an insider is sure of the acquisition , though not sure about the exact price (article in Chinese).

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Tracey Xiang

Tracey Xiang is Beijing, China-based tech writer. Reach her at traceyxiang@gmail.com