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Alibaba investing in US messaging startup Tango

By Meng Jing | China Daily | Updated: 2014-03-21 08:44

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.

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.

Alibaba investing in US messaging startup Tango

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