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MAY 07, 2013 - Forbes

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Chinese Mobile Browser UC Web Hikes Spending, Stays Independent

China's Internet conglomerates are in an acquisitive mood. E-commerce platform Alibaba recently bought a 18% stake in Sina Corp's popular microblogging site. Not to be outdone, Baidu said Tuesday it would acquire video-streaming site PPS, minus its gaming operations, to beef up its Qiyi video service. The hunt for scale and ubiquity is on. For startups and mid-sized Internet companies, the question is whether it's better to court a conglomerate or hold out for an IPO. One deal that has been rumoured for months is a takeover of UC Web, a Chinese mobile browser operator with 400 million users ... Read More

Tags: Chinese Mobile Browser UC Web Hikes Spending, Stays Independent,  Baidu Latest News