Alibaba’s $215 million purchase in Tango is about copying, not competing with, WeChat Chinese e-commerce giant Alibaba has purchased a $215 million minority stake in US-based Tango, which operates a mobile messaging app with about 70 million active users, mostly in the US and Europe.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s