“The funds will primarily be used to tap the huge potential of user-generated content in India on its news distribution and content platform, UC News,” the firm said in a statement on Thursday.
UCWeb provides software and services, including mobile web browser UC Browser, UC News for content distribution and app store 9App.
UC News aggregates news content from social media, content partners such as traditional media houses and self-publishers.
India holds potential to become a large market for such user-generated content, said Jack Huang, president, overseas business of Alibaba Mobile Business Group. “There are more than 600 million mobile users and 20 million online content creators in China whereas India currently has 371 million mobile users with minuscule contribution from self-publishing, outlining a huge demand-supply gap” Huang added.
“We plan to add more than 30,000 self-publishers, bloggers and key opinion leaders to our platform in 2017, generating over 10,000 articles for UC News, every single day (across India and Indonesia)”, he said.
Available in Hindi, English and Indonesian, content is aggregated for over 20 categories including cricket, technology and entertainment.
This article was first published on Livemint.com