4-28-14 1:15 AM EDT | Email Article
 

By Paul Mozur

 

BEIJING -- Alibaba Group Holding Ltd. is joining with mobile browser company UCWeb Inc. to introduce a new search service for China's growing number of smartphone users, according to two people familiar with the matter.

 

UCWeb will maintain a controlling stake in the joint venture, which will be called Shenma Inc., according to one of the people. The new company will include employees who previously worked at Chinese search giant Baidu Inc. (BIDU), as well as Google Inc. (GOOG) , according to the person.

 

Financial terms weren't immediately clear.

 

(An expanded version of this report appears on WSJ:com http://online.wsj.com/news/articles/SB10001424052702304163604579528740376284668?mod=mktw.).

 

Other MarketWatch news:

 

Asia Stocks blog: Bull's dilemma

 

Hulbert: 3 overlooked stocks loved by top-ranked advisers

 

Pro-Russia rebels parade hostages in Ukraine

-Paul Mozur; 415-439-6400; AskNewswires@dowjones.com

 

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


(END) Dow Jones Newswires

04-28-14 0115ET

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Copyright 2014 MarketWatch
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