BEIJING: Alibaba Group Holding Ltd says it will buy all the remaining shares of mobile browser firm UCWeb in the biggest merger in Chinese Internet history, as the e-commerce giant steps up its spending spree ahead of its US listing.
Alibaba’s latest deal, hot on the heels of a string of investments which already total US$4.8bil in the past six months, would be larger even than Baidu’s US$1.9bil acquisition of 91 Wireless last year, Alibaba said.
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