Alibaba's acquisition of Umeng, a Chinese mobile applications statistics and analytics company, has reportedly closed. Rumors in recent weeks said Alibaba would acquire this company for about USD80 million; however, Umeng did not reveal any financial details in its acquisition announcement, which might mean it sold for considerably less. After the acquisition, Umeng will apparently […]

ChinaCache International Holdings Limited, a provider of content delivery network services in China, has reached an agreement with the Shanghai branch of China Telecom Corporation Limited to provide acceleration supporting services to the latter. Under the agreement, ChinaCache will support China Telecom Shanghai's deployment and usage of acceleration supporting servers to maximize end-user experience and […]