News this week: China’s
largest e-commerce company, Alibaba
Group, has recently acquired Umeng, a
Chinese mobile applications statistics and analytics company for an undisclosed
sum. Umeng will reportedly continue to operate as an independent entity after
the acquisition.
Umeng was founded in April 2010 and provides data analytic
services for mobile operating systems including Android, iOS, and Windows platforms.
Umeng’s services cover 590 million active equipment, 180,000 applications and
60,000 developers.
Separately, Alibaba Group began offering a cloud computing
service, Ju Baopen, to several banks and securities firms in mainland China. According
to Alibaba, these financial institutions are now able to provide online payment
services through the company’s Alibaba Cloud
Computing. The banks’ online platforms will also be connected to its online
payment division, Alipay.
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