UCWeb an­nounces in­vest­ment of 2 bn for In­dia and In­done­sia mar­ket

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UCWeb, part of Alibaba Mo­bile Busi­ness Group, has an­nounced its plans to in­vest 2 bn ru­pees (200 mn RMB) over the next 2 years in In­dia and In­done­sia mar­ket. The funds will pri­mar­ily be used to tap the huge po­ten­tial of user-gen­er­ated con­tent in In­dia via its news dis­tri­bu­tion and con­tent plat­form, UC News. 14 www.dqin­dia.com

UC News, a ma­jor prod­uct of UCWeb Inc. is a big-data pow­ered con­tent dis­trib­u­tor, serv­ing as a one-stop source of trend­ing and cu­rated news con­tent cov­er­ing all pop­u­lar cat­e­gories that In­dian users can con­sume on the go, with fea­tured chan­nels in­clud­ing news, cricket, tech­nol­ogy, en­ter­tain­ment, movies, life­style, health, hu­mor, etc.

Ear­lier this month, UC News an­nounced a de­tailed mon­e­tary com­pen­sa­tion plan in a bid to of­fer unique con­tent on UC News and fur­ther con­sol­i­date its po­si­tion as a con­tent dis­tri­bu­tion plat­form. UC News will also help con­trib­u­tors gain traf­fic, rev­enue and fol­low­ers with the help of Big Data tech­nol­ogy and smart con­tent dis­tri­bu­tion sys­tem.

UCWeb will add re­sources to aid qual­ity en­hance­ment of ver­ti­cal con­tent and news in re­gional and mi­nor­ity lan­guages. Con­tent in en­ter­tain­ment, sports and tech­nol­ogy cate­gory will re­main the big­gest fo­cus areas for 2017. In ad­di­tion, UCWeb will also of­fer col­umn op­er­a­tion ser­vice to qual­ity self-pub­lish­ers, blog­gers and KOLs.

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