Alibaba makes major mobile push with 1 billion yuan fund

Posted on Apr 15 2013 - 12:09pm by Huzoor Bux

SHANGHAI (Reuters) – Alibaba Group said on Monday it will subsidize handset makers that adopt its mobile operating system and will set up a 1 billion yuan ($161.49 million) fund that will dole out incentives for application (app) makers to populate its mobile app ecosystem.

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