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Alibaba's UCWeb investing in news ops in India, Indonesia

Alibaba Group Holding Ltd.-owned mobile web browser company UCWeb will invest 2 billion Indian rupees in India and Indonesia over the next two years to increase user-generated content via its UC News operations, the Press Trust of India reported Jan. 19, citing Kenny Ye, general manager of overseas business for Alibaba Mobile Business Group.

UCWeb is looking to add more than 30,000 self-publishers, bloggers and opinion leaders to UC News' We-Media platform this year.

About 60% of the investment will be allocated for India, where UCWeb holds a 57% share of the mobile browser market, according to the report.

As of Jan. 19, US$1 was equivalent to 68.11 Indian rupees.