One deal that has been rumoured for months is a takeover of UC Web, a Chinese mobile browser operator with 400 million users worldwide.

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While the majority of his fortune comes from Xiaomi, he also owns minority stakes in a number of Chinese online enterprises, including Hong Kong-listed anti-virus firm Kingsoft, private e-commerce companies Vancl and Lakala, mobile browser provider UC Web, and YY, which hit the Nasdaq exchange last Wednesday.

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In short, UC Web wants to build the next mobile browser.

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