UCWEB proposed to be listed in overseas stock market within three years

CEO Yu Yongfu, in an interview with foreign media, said the company planned to be listed in Hong Kong or the NASDAQ. Having got venture capital UCWEB has more than 80 million customers and about 380 employees in China.

“I believe that in the next three years we will be in stock market. The specific time depends on the status of the company business development and other market factors.” he said on the intervals of 2009 China Internet Conference.

Yu Yongfu said, UCWEB is a leading company with core technology and complete intellectual property in China’s mobile browser field. He also said the company in 2007, won the CEYUAN and Chenxing investments of about 10 million U.S. dollars. Alibaba Group in May of this year also made investments.

0 comments

Add your comment

Commenting is allowed only for registered users.

Other articlesgo to homepage

	Analysts said Alibaba may acquire Yahoo all assets in AsianComments Off Alibaba had already hired Duberstein Group (an American company), they will negotiate for acquiring Yahoo asset. Analysts thought Alibaba might buy Yahoo all Asian assets. Softbank Corporation who has a 30 percent stake in Alibaba and also is Yahoo’s a partner in Japan becomes a lobby group with Alibaba. September, Alibaba founder Jack Ma had

	Sohu Q2 China Online Ad Sales(0) Sohu.com Inc., operator of China?s fourth most-visited Web portal, posted second-quarter profit that beat analysts? estimates, after the company increased online advertising sales, reported Monday’s Bloomberg.

	The number of Nasdaq listed Chinese companies has reached 145(0) According to foreign media reports, Gao De software had the initial public offering (IPO) at Nasdaq market which made the number of Nasdaq-listed Chinese companies reach 145.

	Huayi Brothers invested 149 million yuan to obtain shares of Beijing palm fun Science and Technology(0) Huayi Brothers released foreign investment announcement, using 148.5 million yuan for shares of Beijing palm fun sicence and technology, that is by shares acquisition and increasing capital to own 22% of the equity.

	China’s first cultural media industry fund is in operation; 2 billion yuan collected(0) Recently, first domestic fund focusing on culture and the media industry investment and financing private equity fund of RMB – the Chinese Cultural Industry Investment Fund (ChinaMediaCapital, hereinafter referred to as CMC) announced the completion of the first phase of 2 billion yuan of funds raised and put into operation.