Alibaba said to pay $200m for Wandoujia app store
By Meng Jing | China Daily | Updated: 2016-07-06 07:45
Move aimed at gaining a firmer foothold in the domestic application distribution market
Chinese e-commerce conglomerate Alibaba Group Holding Ltd said on Tuesday that it will take over Beijing-based Wandoujia, a major Android app store, with the aim of gaining a firmer foothold in the domestic app distribution market.
Wandoujia, officially launched by Beijing Zhuoyi Xunchang Technology Co in 2010, will be incorporated into Alibaba's mobile business unit, the e-commerce giant said in a statement without revealing the detailed financials behind the takeover.
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