wordpress blog stats
Connect with us

Hi, what are you looking for?

Damon Xi promoted to head UCWeb in India and Indonesia

Alibaba-owned mobile business company UCWeb has promoted Damon Xi as the head of UCWeb for India and Indonesia. Xi will now be responsible for the UCWeb ecosystem and content co-operation. He had been appointed the general manager of UCWeb India, in December last year, and was overseeing business development.

Prior to joining Alibaba Group, Xi headed global operation and strategic partnerships at Tencent for over three years, and before that he was the director of strategic planning at Alcatel Mobile for 7 years.

In India, the UC Browser crossed 100 million monthly active users (MAUs) in November last year. Earlier in June last year, the news aggregation feature in UC Browser was launched as a separate app called UCNews. UC Web had crossed 50% market share in India in November 2015, and currently holds a 50.3% market share in the country among mobile browsers, according to StatCounter.

In January this year, Alibaba announced it will be investing Rs 200 crore over 2 years into UCWeb for its India and Indonesia operations. The funds will primarily be used to support UC News features, which includes news aggregation as well the blogging platform integrated within UC News. This is UCWeb’s second investment into the country after it earlier invested a part of $170 million in 2013 for global expansion in countries including India.

UCWeb also provides an e-commerce shopping aggregation feature on its Android app store called 9Apps, which aggregates products and pricing offers from companies like Paytm, Flipkart, Myntra, Snapdeal, Jabong, Askmebazar, Voonik and Shopclues. UCWeb claimed over 1 million users were using the feature, in October last year.

Advertisement. Scroll to continue reading.

Alibaba’s digital media revenue

Alibaba’s digital media and entertainment segment reported revenues of $585 million for the quarter ended December 31, 2016 (Q4 FY17), up 270% year-on-year from $158 million. The company credited the growth to its increasing revenue from “mobile value-added” products run by UCWeb, which includes services like mobile search, news feeds and game publishing.

You May Also Like

News

Mobile number porting requests increased by 20% to 8.2 million requests in December 2020, compared to 6.8 million porting requests reported in November 2020....

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ