Friday, November 29, 2013

Alibaba acquires mobile analytics company

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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