Morningside and Ceyuan had first invested $10m in UCWeb in 2007 and were joined by Alibaba in a subsequent round in 2009.
UCWeb, a China-based mobile internet software provider also known as UC Mobile, has raised $1.75m from a consortium including local electronic commerce provider Alibaba, according to database Crunchbase.
UCWeb said its investors were Alibaba; GGV Capital, a venture capital firm that had invested in Alibaba; Morningside Ventures, a family office on behalf of the Chan family; phone maker Nokia’s eponymous corporate venturing unit; and Ceyuan Ventures, an early-stage investment firm. Morningside and Ceyuan had first invested $10m in UCWeb in…
