UCWeb to invest R200 cr in India, Indonesia over 2 yrs
In this article (5)
UCWeb, part of Alibaba Mobile Business Group, plans to invest R200 crore over the next two years in India and Indonesia. The funds will primarily be used to make use of user-generated content in India via its news distribution and content platform, UC News.
Jack Huang, president of overseas business, Alibaba Mobile Business Group said, “India is the most critical overseas market for UCWeb and this investment will help bring in the global mobile internet to an era of ‘GUF’ (Google, UCWeb, and Facebook).” UC News, a product of UCWeb Inc is a content distributor of trending and curated news content covering all kinds categories including news, cricket, technology, entertainment, movies, lifestyle, health, humor, etc.
UCWeb plans to add more than 30,000 self-publishers, bloggers and key opinion leaders to its platform in 2017.
Questions & Answers
Q.Which specific markets will benefit from UCWeb's R200 crore investment?
Which specific markets will benefit from UCWeb's R200 crore investment?
The investment of R200 crore over the next two years is earmarked for India and Indonesia. The funds will primarily be used to make use of user-generated content in India via UC News.
Q.How will UCWeb use the new investment in India?
How will UCWeb use the new investment in India?
In India, the funds will primarily be used to utilise user-generated content through its news distribution and content platform, UC News. UCWeb plans to add over 30,000 self-publishers, bloggers, and key opinion leaders to its platform in 2017.
Q.What is the significance of the Indian market to UCWeb's overseas strategy?
What is the significance of the Indian market to UCWeb's overseas strategy?
According to Jack Huang, president of overseas business for Alibaba Mobile Business Group, India is the most critical overseas market for UCWeb. This investment aims to usher in a 'GUF' era of global mobile internet.
Q.What types of content does UC News distribute?
What types of content does UC News distribute?
UC News distributes trending and curated news content across various categories. These include news, cricket, technology, entertainment, movies, lifestyle, health, and humour, aiming for a broad appeal.
Reader pulse
Will UCWeb's investment significantly shift the mobile content landscape?
15,699 votes so far