Summary | The market has been expecting an Alibaba investment
in UCAR since last year.Multiple reports stated the investment
could be worth more than 3 billion yuan ($460 million).UCAR is
aiming to be listed on a NASDAQ-style board for Chinese tech
startups, Lu said.UCAR is the only key player that is
independent to internet majors including Tencent and Baidu.The ...
en.ce.cn | 29 April 2016