Alibaba Acquires Major Chinese App Store Wandoujia

E-commerce giant Alibaba has agreed to acquire one of China’s largest app stores, Wandoujia, according to a social media post made by the app store’s founder on Tuesday.

“We officially announce that [Wandoujia] and Alibaba Group signed a formal merger agreement. The Wandoujia distribution business will be integrated into the mobile business group of Alibaba.” said Wang Junyu, founder and CEO of Wandoujia.

Wandoujia shares some core early investors with Alibaba, including Softbank and Goldman Sachs. Prior to the deal with Alibaba, Softbank was the biggest shareholder in the app store, whose name literally means “Snap Pea.”

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