UC Web Joins Alibaba in ‘Biggest-ever’ China Internet Merger

Alibaba Group Holding Ltd said Wednesday it has completed the biggest merger in the history of China’s internet by buying all the remaining shares of mobile browser firm UCWeb. Alibaba confirmed the deal in a post on its microblog, Reuters reported today, saying the valuation for UCWeb surpasses the $1.9 billion paid by Baidu Inc. […] View the full post at: UC Web Joins Alibaba in ‘Biggest-ever’ China Internet Merger Related posts: Alibaba Ready To Buy Back Yahoo Stake The Internet is Officially Dead & Boring – Its the Economy Stupid! E-Commerce Is Booming In China