UCWeb

Alibaba has suspended plans to invest in Indian companies and will not put in new money to expand its investments in India for at least six months, Reuters said, citing people with knowledge of the matter.

Based on sustainability concerns, Alibaba has decided to discontinue the services of UCWeb and other innovative businesses in India, Zhang Yong, chairman and chief executive officer of Alibaba, said on Thursday during the company's analyst call for the first quarter of fiscal 2021.