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China : ALIBABA GROUP and UCWEB collaborate to develop new mobile search in CHINA.

AlibabaGroup Holding Ltd. andUCWebInc. are joining hands to make a completely new Mobile Search Platform for the people of China.

There are around 500 million users of Smart phones in China, according to the analysis by the Government of China. Thus, UCWeb and Alibaba joint venturing is looking to hold on to this big mass with their new mobile search platform.

Alibabais one of the biggest holding companies of China. On the other handUCWebhas a big market share in case of search platforms on android as well as other phones across the world. The market of China is held byBaiduand this is the effort to dethroneBaidu.

UCWebwill be holding on to themaximumshares of the joint Venture. Baiduholds up to 75% of the market shares when it comes to browsing on smart phones, according to another statistics. UCWeb and Alibaba will be looking forward to put in flexibility and quality topush through this market.

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Publication:Mena Report
Geographic Code:9CHIN
Date:Apr 29, 2014
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