Alibaba in India to invest Rs 120 crore, to increase headcount

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China-based UC Web, a subsidiary of Alibaba Mobile Business Group, is investing Rs 120 crore in the Indian market to accelerate user-generated digital content, and is planning to more than double headcount ?by the end of this fiscal year.

Alibaba to invest Rs 120 crore, to increase headcount in India

Alibaba-to-increase-headcount-in-India

China-based UC Web, a subsidiary of Alibaba Mobile Business Group, is investing Rs 120 crore in the Indian market to accelerate user-generated digital content, and is planning to more than double headcount ?by the end of this fiscal year. 

The company aims to bridge demand and supply gap through Big Data-backed content distribution, and is in ‘advanced’ talks with a couple of local mobile device makers to pre-install its Web browser. 
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UCWeb already has partnerships with Indian mobile makers such as Intex, Karbonn and Spice. 

The investment is planned to spread over a period of next couple of years with manpower and office expansion in Gurgaon, a top company executive told ET. 

“Out of the planned 2 billion rupees spend, more than 60% will go towards India while rest is allocated to Indonesia,” Alibaba Mobile Business Group general manager— Overseas, Kenny Ye said. 

?The ?Chinese browser major is also optimistic about Prime Minister Narendra Modi’s Digital India program and feels that mobile Internet from the end user perspective would accelerate the ambitious initiative. 

“Mobile internet will make Digital India happen. It is need from end users to drive the program as more infrastructure is now ready for a bigger user base,” Ye added. 

The Alibaba’s executive also said that people are more eager to get content over mobile Internet on the go, and service operators, handset makers and content providers should come together for a more pervasive user base. 

India, lately, has become one of the key growth regions for the UCWeb with 100 million users, out of close to 500 million monthly active users worldwide. 

“We are planning to hire 100 employees by the end of this fiscal and as many as 50% by next year primarily in content operations to help product offering and leverage big data to understand more about end consumers,” Ye said. 

Chinese giant Alibaba acquired UCWeb in June, 2014 for $4.5 billion, and the latter has grown to become third-most sought after mobile browser, after Google’s Chrome and Apple’s Safari. 
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Data consumption through mobile devices is increasing in India, and there is a huge potential for the growth of user-generated content in the country o?n? the lines of China’s growth, Alibaba Mobile Business Group president— Overseas Jack Huang said.

Source; ET

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News@Jobs:Latest Govt, Bank, State Jobs Alert: Alibaba in India to invest Rs 120 crore, to increase headcount
Alibaba in India to invest Rs 120 crore, to increase headcount
China-based UC Web, a subsidiary of Alibaba Mobile Business Group, is investing Rs 120 crore in the Indian market to accelerate user-generated digital content, and is planning to more than double headcount ?by the end of this fiscal year.
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