Alibaba Sinks $215 Million Into Messaging App Tango, Valuing It...

Alibaba Sinks $215 Million Into Messaging App Tango, Valuing It At More Than $1 Billion

Parmy Olson, forbes.com

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, the start­up revealed…