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03-20-2014, 08:04 AM
Alibaba Enters Messaging Market With $215 Million Investment in Tango
http://rack.0.mshcdn.com/media/ZgkyMDE0LzAzLzIwL2ZmL2FsaWJhYmEuZDFjZGEuanBnCnAJdG h1bWIJNTc1eDMyMyMKZQlqcGc/5eac5116/851/alibaba.jpghttp://rack.3.mshcdn.com/assets/feed-tw-df3e816c4e85a109d6e247013aed8d66.jpg (http://twitter.com/share?via=Mashable&text=Alibaba+Enters+Messaging+Market+With+%24215+M illion+Investment+in+Tango&src=http%3A%2F%2Fmashable.com%2F2014%2F03%2F20%2Fa libaba-tango-investment%2F%3Futm_campaign%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_cid%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_medium%3Dfeed%26utm_source%3Drss)htt p://rack.1.mshcdn.com/assets/feed-fb-fdab25e3700868c9621fb03b7fd07c38.jpg (http://www.facebook.com/sharer.php?u=http%3A%2F%2Fmashable.com%2F2014%2F03 %2F20%2Falibaba-tango-investment%2F%3Futm_campaign%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_cid%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_medium%3Dfeed%26utm_source%3Drss&src=sp)
Why let Facebook have all the fun?
Chinese online retail giant Alibaba has jumped into the messaging market with a $215 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. (http://mashable.com/2014/03/14/weibo-alibaba-ipo/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)
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... (http://mashable.com/2014/03/20/alibaba-tango-investment/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)
More about Whatsapp (http://mashable.com/category/whatsapp/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Alibaba (http://mashable.com/category/alibaba/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Startups (http://mashable.com/startups/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), and Apps Software (http://mashable.com/apps-software/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)http://feeds.feedburner.com/~r/Mashable/~4/ze3eMvpgy3s
http://rack.0.mshcdn.com/media/ZgkyMDE0LzAzLzIwL2ZmL2FsaWJhYmEuZDFjZGEuanBnCnAJdG h1bWIJNTc1eDMyMyMKZQlqcGc/5eac5116/851/alibaba.jpghttp://rack.3.mshcdn.com/assets/feed-tw-df3e816c4e85a109d6e247013aed8d66.jpg (http://twitter.com/share?via=Mashable&text=Alibaba+Enters+Messaging+Market+With+%24215+M illion+Investment+in+Tango&src=http%3A%2F%2Fmashable.com%2F2014%2F03%2F20%2Fa libaba-tango-investment%2F%3Futm_campaign%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_cid%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_medium%3Dfeed%26utm_source%3Drss)htt p://rack.1.mshcdn.com/assets/feed-fb-fdab25e3700868c9621fb03b7fd07c38.jpg (http://www.facebook.com/sharer.php?u=http%3A%2F%2Fmashable.com%2F2014%2F03 %2F20%2Falibaba-tango-investment%2F%3Futm_campaign%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_cid%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_medium%3Dfeed%26utm_source%3Drss&src=sp)
Why let Facebook have all the fun?
Chinese online retail giant Alibaba has jumped into the messaging market with a $215 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. (http://mashable.com/2014/03/14/weibo-alibaba-ipo/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)
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... (http://mashable.com/2014/03/20/alibaba-tango-investment/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)
More about Whatsapp (http://mashable.com/category/whatsapp/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Alibaba (http://mashable.com/category/alibaba/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Startups (http://mashable.com/startups/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), and Apps Software (http://mashable.com/apps-software/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)http://feeds.feedburner.com/~r/Mashable/~4/ze3eMvpgy3s