| Home : March 20 2014 Computer News : China's Alibaba invests $215 million in Tango messaging app |
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China's Alibaba invests $215 million in Tango messaging app |
March 20, 2014
Chinese e-commerce giant Alibaba Group is investing US$215 million to acquire a minority stake and a seat in the board of Tango, a mobile messaging app from the U.S.The investment announced Thursday by the Chinese company follows investments by some other Internet companies in mobile messaging apps. Last month, Facebook announced it would spend $16 billion to buy WhatsApp, a rival product also out of the U.S.Days before that deal was announced, Japan’s Rakuten said it would buy messaging app Viber for $900 million.To read this article in full or to leave a comment, please click here
Link: http://www.pcworld.com/article/2110300/chinas-alibaba-invests-215-million-in-tango-messaging-app.html#tk.rss_all
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