Beijing: UCWeb, part of Alibaba Mobile Business Group, on Thursday declared its future course of action to strengthen the Indian and Indonesian market by investing Rs 2 billion over the next two years.The moolah will primarily be used to engage the huge potential of user-generated content in India via its news distribution and content platform, UC News, the company informed."As India enters the age of increased content consumption through mobile devices, there is a huge potential for the growth of user-generated content in India similar to what has happened in China," said Jack Huang, President of Overseas Business, Alibaba Mobile Business Group, in a statement.
Alibaba's UCWeb to invest Rs 2 bn in India
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