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Yu Yongfu, Chairman and CEO of Chinese third-party mobile browser developer UCWeb, stated during an interview with the National Business Daily that both Nokia Growth Partners and Morningside Ventures withdrew their investments in UCWeb as part of e-commerce conglomerate Alibaba Group's shareholding increase during UCWeb's most recent round of funding. Read More
Guangzhou-based UC Mobile (also known as Guangzhou Ucfly Company), maker of the UCWeb mobile browser, has announced it has completed a strategic financing agreement with Nokia Growth Partners, along with GGV Capital, though no party would reveal the size of the investment. Read More