Alibaba makes major mobile push with 1 billion yuan fund

SHANGHAI (Reuters) - Alibaba Group said on Monday it will subsidize handset makers that adopt its mobile operating system and will set up a 1 billion yuan ($161.49 million) fund that will dole out incentives for application (app) makers to populate its mobile app ecosystem. Alibaba launched its owned mobile operating system, Aliyun, in 2011 with Haier Electronics Group Co Ltd, but the mobile operating system (OS) has not taken off with handset makers. ...

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