Yu Yongfu
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Yu Yongfu (; born 18 August 1976) is a Chinese entrepreneur and chief executive of UCWeb Inc., a Chinese mobile Internet and software service best known for its popular
UC Browser UC Browser is a web browser developed by mobile internet company UCWeb, a subsidiary of the Alibaba Group. It was the most popular mobile browser in India, Indonesia, and Mali, as well as the second-most popular one in China as of 2017. Its w ...
. Born in
Inner Mongolia Inner Mongolia, officially the Inner Mongolia Autonomous Region, is an Autonomous regions of China, autonomous region of China. Its border includes two-thirds of the length of China's China–Mongolia border, border with the country of Mongolia. ...
, China, Yu later moved with his parents to
Tianjin Tianjin is a direct-administered municipality in North China, northern China on the shore of the Bohai Sea. It is one of the National Central City, nine national central cities, with a total population of 13,866,009 inhabitants at the time of the ...
, where he attended
Nankai University Nankai University is a public university in Tianjin, China. It is affiliated with the Ministry of Education of China. The university is part of Project 211, Project 985, and the Double First-Class Construction. Nankai University was establ ...
and graduated with a bachelor's degree in Business Management. In early 2001, he joined the
venture capital Venture capital (VC) is a form of private equity financing provided by firms or funds to start-up company, startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in ...
firm Legend Capital as founding employee and worked his way up to vice president. He joined
UCWeb UCWeb Inc. (also known as UC Mobile) is a Chinese mobile Internet company that offers products and services that include mobile browser, UC News, and search engine services. Its flagship product, UC Browser, topped the Chinese, Indonesian an ...
in 2006 as chief executive officer. During his tenure, the company has expanded from 6 employees and a single product to about 3000 employees and diversified product offerings. Yu is also the president of Alibaba UC mobile business group, an entity incorporated after
UCWeb UCWeb Inc. (also known as UC Mobile) is a Chinese mobile Internet company that offers products and services that include mobile browser, UC News, and search engine services. Its flagship product, UC Browser, topped the Chinese, Indonesian an ...
was fully acquired by
Alibaba Group Alibaba Group Holding Limited, branded as Alibaba (), is a Chinese Multinational corporation, multinational technology company specializing in E-commerce in China, e-commerce, retail, Internet, and technology. Founded on 28 June 1999 in Hangzho ...
in June 2014 in the largest Chinese internet M&A deal.Alibaba to Acquire Rest of UCWeb to Boost Mobile Offering
''Bloomberg'', June 11, 2014


References

{{DEFAULTSORT:Yu, Yongfu 1976 births Living people Businesspeople from Inner Mongolia Alibaba Group people 21st-century Chinese businesspeople Nankai University alumni