Shenma, a mobile search engine that Chinese browser-maker UCWeb recently formed in a joint venture with e-commerce giant Alibaba, already has a market penetration rate of over 20 percent and monthly active users of over 100 million, UCWeb CEO Yu Yongfu said at GMIC Beijing today. Shenma was announced last week but Yu said it has been in operation for a month or so. The cooperation between UCWeb and Alibaba actually dates back to four years ago as a service within UC Browser, Yu added. In addition to semantic app search — via a single interface that lets users search China’s many fragmented…
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