UC's backstory merging UC,UC into Ali-Ali, UC,UC, Alibaba-IT news UC's backstory

Alibaba announced, UC (hereinafter the "UC") fully into the Alibaba group, to form the UC mobile business group, Chairman and CEO of UC Yu served as Group President, and entered the group strategy Committee.

Below, about the costly takeover of mobile Internet company Alibaba.

UC was founded in 2004 and currently has more than 500 million users worldwide, which owns UC browser , smarter search, UC nine tours, PP assistants and other mobile Internet products and platforms.

Core products:

UC browser: UC core products. Yu said that UC browser has more than 500 million users worldwide, including more than 100 million more overseas users.

Smarter search: mobile search engine, launched jointly by UC with Alibaba set up. At present, the horse in the country has achieved a penetration rate of more than 20% in the mobile search market, monthly active users reached 100 million.

UC Tours: UC platform game of its full operational responsibility for the UC. Currently, UC nine tours on the line more than thousands of mobile phone network, more than 60 million active users.

PP Assistant: mobile apps distribution platform in December 2013, UC announces completion of acquisition of PP Assistant. At present, iOS end PP aides reached 50 million.

UC funding process:

In 2006, UC obtained Lei angel investments, amounts, ownership unknown;

In 2007, UC obtained with ceyuan ventures and Morningside venture capital $ 10 million investment in specific amounts, ownership unknown;

In 2009, UC access to investment in Alibaba, Morningside, ceyuan ventures $ 12 million strategic investment with a total of three institutions, specific amounts, ownership unknown;

In 2010, the UC Nokia Growth Fund investment amounts, ownership unknown;

With Ali's "Romance":

In March 2013, the company spent $ 506 million (about 3.13 billion yuan) in strategic investments in UC;

In December 2013, Alibaba to increase its UC paid $ 180 million in cash (about 1.097 billion yuan).

Thus it can be seen, total needs to pay UC shareholder in Alibaba Group 4.207 billion yuan, until December 31, 2013, Alibaba group a total of 3.358 billion yuan of cash paid to the UC, the successor will also pay the remaining part.

After the two traded, Ali Baba access to UC for a total of 66% shares.

UC executive team:

Yu – Chairman and CEO

He Xiaopeng--President

Liang Jie--technology, President

Zhu Shunyan – chief operating officer

Rong Shengwen – Chief Financial Officer

Senior Vice President, Wang Tong--

Wei Dong Senior Vice President--

Pictures – Vice President

Liu Zhonghua – Vice President