UCWeb, the leading Chinese mobile browser and mobile service provider, confirms today the acquisition of Guangzhou Teiron Network Technology Co. Ltd, the developer of  mobile device management suite and iOS app distributor PP Assistant. The transaction is expected to be closed soon. The acquisition price isn’t disclosed.

PP Assistant is one of the biggest iOS app distributors in China that is complementary to UCWeb who hasn’t established a meaningful presence on iOS platform. PP Assistant has 40 million users on iOS, with 8 million daily app downloads. It has just overtaken 91 Wireless, the mobile app distributor on both iOS and Android Baidu acquired earlier this year for $1.85 billion, as China’s largest third party mobile app marketplace on iOS in terms of weekly active users, UCWeb says citing iResearch tracking results. It is estimated that PP Assistant will make RMB 500 million (approx. USD 75 million) in 2013 with a large chunk from third-party mobile games it operates on its platform.

PP Assistant mobile device manager is available on iOS, Android, Windows and MacOS.

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Tracey Xiang

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