Alibaba Invests $10 Million in OUVA

Alibaba Invests $10 Million in OUVA

OUYA, the game-console maker, has received funds from Chinese e-commerce giant Alibaba. It is said that the e-commerce giant has given $10 million to OUVA in the form of investment in trade. With this, OUVA's platform will be introduced in Alibaba's set-top box.

As per experts, it is considered to be quite a big investment as OUVA is not performing well since it left a big mark on Kickstarter in 2012. Also, its performance in the United States is not great. Lately, the game-console maker has grabbed news headlines for a software platform known as OUVA Everywhere.

In 2014, Xiaomi added OUYA to its set-top boxes and now, with this investment Alibaba is also planning to do the same. When asked from CEO Julie Uhrman, she did not confirm or refused the report.

"We have been working with partners to bring our platform and games library to their devices [OUYA Everywhere]. We're live with Madcatz in the U. S. and working with Xiaomi in China", affirmed Uhrman.

She continued by affirming that they are also focusing outside America as well as they are expecting a lot of growth and opportunity. Sometimes, it happens that new markets prove extremely beneficial for the established ones and it might the case for them.

Uhrman affirmed that they are the largest independent library of Android games for the TV. It acts as a great opportunity to partner with the companies that look forward to introduce creative content to the TV on boxes that can play games. It is considered that the (rumored) deal with Alibaba is one of such cases. The deal could boost OUYA's presence in Asia, as it expands its platform business into markets such as China and India.


User login



You May Have Missed...

New York Chief Judge to introduce bill to change state's grand jury proceedings
Wed, 02/18/2015 - 09:10

On Tuesday, Chief Judge Jonathan Lippman of the New York Court of Appeals proposed to give courts an unprecedented authority over grand jury...


Nigeria Update

World Malaria Day Draws Attention over Need for Renewed Commitment
Sat, 04/26/2014 - 12:48

The world commemorated the Annual Malaria Day on April 25 and the attention was drawn towards...


Economy Watch

Euro-Area
Wed, 02/04/2015 - 03:22

Euro-area companies have increased hiring as manufacturing and services activity from Germany to...


Health Tonight

New study on penis size may provide answers to men
Thu, 03/05/2015 - 13:39

A new study asking "Am I Normal?" analyzed penis size for 15,000 men and it reveals that a...


Science Tonight

Mathematicians mark Pi Day
Sun, 03/15/2015 - 13:53

Mathematicians around the world are celebrating the unique Pi Day, which marks the discovery of...


UK News

Ball looking forward to buy Rexam
Thu, 02/19/2015 - 09:16

US packaging company Ball is approaching a deal to buy British drinks can maker Rexam. The...


Pharmaceuticals

Astrazeneca’s Experimental Drug to Treat COPD Fails to Reduce Acute Exacerbation
Mon, 09/08/2014 - 13:17

On Monday, AstraZeneca PLC announced that Phase IIa study of benralizumab, an experimental drug...


US News

Astronomers witness Multiple-Star System in Initial Stage of Formation
Sun, 03/15/2015 - 05:08

Astronomers said that for the first time they have observed a multiple-star system in the first...


Technology Tonight

Barack Obama
Fri, 02/13/2015 - 08:59

It is highly probable that the President Barack Obama will announce a new plan with regard to...