UCWeb, a global mobile browser and mobile service provider, today announced Jack Ma, founder and executive chairman of Alibaba Group, has officially joined its Board of Directors. At the same time UCWeb confirmed strategic investment from Alibaba.
Today is the ninth birthday of UCWeb. UC Browser’s market share in India has surpassed Opera, reaching 30%, in July, UCWeb stated by citing a local research firm StatCounter.
In 2009 Alibaba Group made a strategic investment in UCWeb. It is reported that Alibaba actually has become a big shareholder of UCWeb’s by acquiring stakes from three investors including Morningside who invested $10 million in 2007. (Update: In an internal mail sent to UCWeb employees, CEO Yu Yongfu confirmed that Alibaba made another investment in the company.)
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