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AliBaba Invests $215 Million In TangoMe

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AliBaba Invests $215 Million In TangoMe
AliBaba Invests $215 Million In TangoMe

AliBaba Invests $215 Million In TangoMe

Alibaba, the Chinese e-commerce giant, has just announced a massive new investment, which marks a milestone for the company. For the first time, the Alibaba Group Holding, Ltd. has expanded its reach outside of its native land. According to an article recently published on the Binary Tribune website, the company has invested a staggering $215 million in an American company, TangoMe.

According to experts in the field, this new acquisition by Alibaba is a revolutionary new development, and a milestone for the burgeoning information industry as a whole. The investment will certainly be very beneficial for both parties as far as immediate access to ready cash is concerned. TangoMe has reaped a colossal short term pay off, while Alibaba will certainly enjoy the incoming dividends from its major investment.

Indeed, this new development comes hand in hand with a public announcement concerning Alibaba’s first initial public offering (IPO), which is tentatively scheduled for as early as April of this year. Whether or not the company will actually follow through on this claim is yet to be verified, but most industry experts agree that a genuine IPO announcement will not be long in coming.

In any case, this new development will give Alibaba hitherto undreamed of access to the international mobile-messaging market. Competitors from regional and international markets will be hard pressed to match the company’s massive liquidity and virtual monopoly on the industry that this new acquisition has brought with it.

According to Eric Setton, the co-founder of TangoMe, this may not be the last time that the two companies work together. In a recent article, Mr. Setton had this to say: “In the case of Tango, it’s clear that they realize there is an opportunity in mobile messaging, and everybody is interested in the US market in general.”