On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 790 AM Fargo-Moorhead

Weather

Current Conditions(Fargo,ND 58103)

More Weather »
68° Feels Like: 68°
Wind: N 0 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Mostly Clear 65°

Tomorrow

Mostly Cloudy 80°

Sat Night

Mostly Cloudy 64°

Alerts

UCWeb buy may raise Alibaba IPO valuation: UCWeb CEO

BEIJING (Reuters) - Alibaba Group Holding Ltd's full acquisition of Chinese mobile browser firm UCWeb and subsequent merger may create a higher valuation for Alibaba's coming U.S. listing, UCWeb Chief Executive Yu Yongfu said at a group media interview on Thursday.

On Wednesday, Alibaba bought the remaining one-third of UCWeb the e-commerce firm didn't already hold in what it said was the biggest Internet merger in China's history.

Alibaba's purchase of UCWeb emphasizes the company's push to do more business on mobile in the world's biggest smartphone market, where it is locking horns with Tencent Holdings Ltd <0700.HK> and Baidu Inc .

(Reporting by Paul Carsten; Editing by Kazunori Takada)

Comments