Alibaba-owned UCWeb wants to be to content, what Google is for search and Facebook is for social networking. The internet software and services provider, which is most known for its mobile browser has a special strategy for India called GUF (Google, UCWeb, and Facebook) and has announced to invest Rs 120 crore to push forward content business in the country.
UCWeb believes that the essence of their business lies in the data technology and the approach it’s taking is the recommendation approach. The company wants to build a whole range of products based on content recommendation ecosystem, with a special focus on UC News. The company claims to have crossed 100 million monthly active users in November 2016 and has 57% market share (as per stat counter) in the Indian mobile browser segment.