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Breaking News about UCWeb:

China's Biggest Internet Deal Ever: Alibaba Fully Buys Out UCWeb

China's Biggest Internet Deal Ever: Alibaba Fully Buys Out UCWeb
China’s e-commerce juggernaut, Alibaba Group has officially completed the acquisition and merger of UCWeb, China’s...
Read more Jun 11 2014, 9:27am CDT
 

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58.com Moves Higher As Tencent Announces 20% Stake

Source: bidness etc

58.com Inc. (WUBA) announced today that Chinese internet giant Tencent Holdings Limited (TCYEY) had acquired a 20% stake in the company for around $736 million, valuing shares of the online listings provider at around $40, lower than its listed price of $52. Shares of 58.com initially opened 3% lower than their closing price yesterday. But once details of the news were absorbed by investors, its shares went on a reversal, and the stock is now up almost 5% today on the ...
Full article at: bidness etc Jun 27 2014, 2:33pm CDT
 

More From the Web

Alibaba Takes Over UCWeb In “Biggest Merger In China’s Internet History”

Source: bidness etc

Alibaba Group Holding Limited has been on a buying spree as it nears its IPO in the US. Its latest purchase, made at an undisclosed price, gives the company complete ownership over UCWeb. The deal, according to people with knowledge of the agreement, will mostly be paid for in Alibaba stock, and a small amount in cash. The Chinese tech giant had previously owned two-thirds of the company, whose main product is a mobile browser for every mobile platform. Alibaba has been busy buying companie ...
Full article at: bidness etc Jun 11 2014, 6:45am CDT
 

Alibaba launches US shopping website

Source: Channel News Asia

SHANGHAI: China's e-commerce giant Alibaba has launched an American shopping website, a report said Wednesday, as the company continues a deal binge ahead of a widely anticipated US listing.The online marketplace 11 Main, which hosts more than 1,000 merchants selling products ranging from clothing and interior goods to arts and crafts, will help Alibaba compete with Amazon and eBay, Dow Jones Newswir ...
Full article at: Channel News Asia Jun 11 2014, 5:22am CDT
 

Alibaba to absorb mobile browser firm before listing

Source: Channel News Asia

SHANGHAI: China's Alibaba said Wednesday it will absorb mobile browser developer UCWeb, calling it the "biggest" merger in the country's Internet industry, as the e-commerce giant continues a deal binge before listing.Alibaba has stepped up acquisitions to expand beyond its traditional online shopping business ahead of a planned US listing that could raise around $15 billion, putting it on par with Facebook ...
Full article at: Channel News Asia Jun 11 2014, 1:58am CDT
 

Alibaba to Buyout Browser Firm UCWeb in China's 'Biggest' Internet Merger

Source: NDTV

Alibaba already held about a 66 percent stake in UCWeb, according to its May IPO fil ...
Full article at: NDTV Jun 11 2014, 1:28am CDT
 

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