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China’s Alibaba bets $280 million on chat app Tango

20
Mar
2014

Facebook has made it a pretty darn good time to be a messaging app maker — just ask Tango. Its received $280 million in funding through Chinese e-commerce behemoth Alibaba, which is looking to bolster its forces against competitor Tencent. That gives it a minority interest in the video chat app, which has 70 million active users and 200 million in total.

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