Summary | Meanwhile, he will enter the strategy committee of
Alibaba Group. s show that prior to this acquisition, Alibaba
already held a 66% stake in UCWeb. By acquiring the remaining
one-third stake, Alibaba gained full control of UCWeb. Founded
in 2004, UCWeb gained USD4 million angel investment from Lei
Jun in 2006. In 2007, the company gained USD10 million from ...
chinatechnews.com | 07 January 2015