Tango, A Messaging App With 200 Million Users, Has Raised A Quarter-Of-A-Billion Dollars From Alibaba
Alibaba contributed $215 million and holds a minority stake in the company. Existing Tango investors put in the remaining $65 million. Tango is a free messaging service like WhatsApp and Viber, companies
China’s Alibaba is the latest Internet giant to make a bet on the messaging space, and it’s a big one. The company is spending $215 million for a minority stake in the messaging and free-calling app Tango,
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.