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Alibaba Enters Messaging Market With $215 Million Investment in Tango
Alibaba Enters Messaging Market With 5 Million Investment in Tango
Why let Facebook have all the fun? Chinese online retail giant Alibaba has jumped into the Messaging Market With a 5 Million Investment in Tango, a four-year-old Messaging and social-networking app. See also: Here Come China's Tech Giants: Weibo, Alibaba to IPO in U.S. Part of a total fundraising round of $280 million, the Investment provides Tango With capital to compete in the increasingly high-stakes competition between Messaging apps that has blossomed outside the U.S. Tango offers users the ability to text, make voice and video calls, play games and stream music from Spotify — all free of charge. The app operates over 3G, 4G and Wi-Fi networks, and currently boasts more than 200 Million users. Read more... More about Whatsapp, Alibaba, Business, Startups, and Apps Software المصدر: Forums Alibaba Enters Messaging Market With $215 Million Investment in Tango |
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