Messaging App Tango Raises $280 Million
Chinese e-commerce giant Alibaba helps
Tango is the latest messaging app to attract big dollars, with Alibaba Group leading a fundraising round of $280 million. The Mountain View, Calif-company is among the growing mobile messaging apps with a strong emphasis on gaming and a user feed that shows native advertising.
The app has 70 million active users. It also has a deal with Twitter’s MoPub mobile exchange to sell advertising such as app-install messages.
It competes with the likes of WhatsApp, WeChat, Line and Kik.
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