Beijing-based mobile app analytical platform Umeng says the company has been acquired by Alibaba Group. Umeng will continue to operate as an independent entity after the acquisition. The price of the acquisition was not disclosed. Umeng received angel funding from Innovation Works in 2010 and "tens of millions of U.S. dollars" series A funding led […]
Visit ChinaMoneyNetwork.com for more great China Money Podcast audio and video Internet episodes covering important investment news and financial events in China, as well as daily news updates on important China business news happenings. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.