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Alibaba invests big in Tango messaging app – economy

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Chinese e-commerce giant Alibaba is backing mobile messaging app-maker Tango with big money.

It has invested the equivalent of 156 million euros in Tango.

It was part of 203 million euro new funding round. The rest came from Tango’s prior investors, who include privately held industrial group Access Industries, venture capital firm Draper Fisher Jurvetson and Jerry Yang, a co-founder of Yahoo.

The Tango app – which includes games, multimedia sharing and other content – has 200 million regi…
READ MORE : http://www.euronews.com/2014/03/20/alibaba-invests-big-in-tango-messaging-app

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