China's Alibaba invests $215m in US messaging app Tango
Chinese e-commerce giant Alibaba Group has invested $215 million in California-based mobile messaging app maker Tango. The deal values the start-up at a reported $1 billion.
The investment is part of a $280 million Series D funding round for Tango. Existing investors include Access Industries, Draper Fisher Jurvetson and Jerry Yang, a co-founder of Yahoo. Michael Zeisser from...
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