Alibaba Invests $215 Million in Tango
Another day, another major investment in a messaging app brand. Alibaba announced that it led a group of investors in a $280 million funding round in Tango, a mobile messaging app maker with about 200 million users globally. Alibaba alone contributed $215 million for a minority stake around 20-25%, which puts the valuation of Tango north of $1 billion.
This is the continuation of intense market interest in messaging solutions since mid-2013. Before Facebook snatched WhatsApp, Genband bought Fring in September 2013 to beef up its WebRTC solution, and Japanese e-commerce company Rakutan bought Viber in February. I had the chance to visit Genband’s booth at MWC and got a detailed demo on the integrated solution of Fring and Genband. All signs point to a big battle in mobile communications and carriers’ ability to defend their core capability—voice and text—will be tested.
Parks Associates will release a report in the coming quarter on messaging apps and their implications for mobile operators and consumers. The title “The Post-SMS War for Mobile Communications: Messaging Apps” sums it all. We also have a consumer survey currently in the field examining consumers’ messaging app behaviors. Contact us if you are interested in those topics.
Next: Consumers Want More Mobile Data, But Simply Don't Want to Pay
Previous: Nokia’s App Ecosystem Strategy is Pragmatic and Concrete
Comments
-
Be the first to leave a comment.
Post a Comment
Have a comment? Login or create an account to start a discussion.