US EUROPE AFRICA ASIA 中文
    Business / Gadgets

    Alibaba investing in US messaging startup Tango

    By Meng Jing (China Daily) Updated: 2014-03-21 10:51

    Alibaba investing in US messaging startup Tango
    Employees stand on a logo of Alibaba (China) Technology Co Ltd during a media tour organised by government officials at its headquarters on the outskirts of Hangzhou, Zhejiang province on June 20, 2012. [File photo / Agencies]

    After a series of buying up and investment in its home market, Alibaba Group Holding Ltd, a Chinese e-commerce conglomerate, made its move in the United States by sinking $215 million in the California-based chat application Tango.

    Alibaba investing in US messaging startup Tango

    Alibaba investing in US messaging startup Tango

    Together with some of Tango's prior investors, Alibaba has led a $280 million investment round in the free mobile messaging service, according to a blog written by the startup's chief executive officer Uri Raz and chief technology officer Eric Setton on Thursday.

    The two senior executives, who are also founders of the 4-year-old Tango, said they are very excited to continue to build upon their foundation of free communications, while extending into new growth areas in social networking and content.

    "We know that we can't do it on our own, and, for that reason, we couldn't be more excited to announce our newest investor, Alibaba Group," they said.

    It was reported by The Wall Street Journal that Alibaba's investment in a minority stake of Tango valued the company at about $1 billion. The public relations office of Alibaba confirmed the investment on Thursday but refused to comment further on the deal.

    The investment makes mobile messaging applications the hottest asset in the tech world. Facebook Inc acquired WhatsApp, a popular mobile messaging application, for $19 billion in February.

    Despite the fact that Tango has no business in China, the company does have 200 million registered users spread across the US, Europe, the Middle East and Asia. Analysts said the move will not only help Alibaba pave its way to an upcoming and possibly the largest initial public offering in the US but also boost the company's strength in mobile.

    Zhuo Saijun, an analyst with the Beijing-based Internet consultancy Analysys International, said with the investment in Tango, Alibaba will be able to tell a better story to investors. "Because Tencent's WeChat enjoys a dominant position among mobile chatting apps in China, Alibaba desperately needs to find a strong target to fill its gap in this area," Zhuo said.

    Previous Page 1 2 Next Page

    Hot Topics

    Editor's Picks
    ...
    ...
    人妻丰满熟妇岳AV无码区HD| 最好看2019高清中文字幕| 欧美在线中文字幕| 国产午夜片无码区在线播放| 中文亚洲日韩欧美| 中文字幕国产精品| 久久久久久国产精品无码超碰| 最近中文字幕完整在线看一| 免费AV一区二区三区无码| 亚洲成AV人在线观看天堂无码| 最近最好最新2019中文字幕免费| 日韩av片无码一区二区三区不卡| 无码少妇精品一区二区免费动态| 最近高清中文字幕免费| 中文字幕亚洲码在线| 97精品人妻系列无码人妻| 亚洲成a人片在线观看无码专区| 无码av中文一二三区| 日韩av无码中文字幕| 少妇极品熟妇人妻无码| 久久久久久国产精品无码超碰| 八戒理论片午影院无码爱恋| 国产高清中文欧美| 中文字幕天天躁日日躁狠狠躁免费 | 91中文字幕在线观看| 亚洲AⅤ无码一区二区三区在线| 久久精品国产亚洲AV无码娇色 | 亚洲欧美精品一区久久中文字幕 | 日韩va中文字幕无码电影| 18禁网站免费无遮挡无码中文 | 久久亚洲AV成人出白浆无码国产| 精品欧洲AV无码一区二区男男| 中文字幕无码不卡在线| 欧美日韩中文国产va另类| 久久久久久无码国产精品中文字幕 | 无码中文字幕乱在线观看| 亚洲AV无码欧洲AV无码网站 | 无码日韩精品一区二区免费暖暖 | 中文字幕人妻在线视频不卡乱码| 精品亚洲欧美中文字幕在线看| 亚洲国产中文字幕在线观看|