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The next episode of messaging services' hot streak, app Tango gets a $280 million investment led by Chinese e-commerce giant Alibaba and surpasses its 200 millionth registered user.
Offering could be one of the largest ever, reaping an expected $15 billion for a $130 billion valuation.
The Chinese Internet giant is paying nearly $215 million for 15 percent of JD.com, China's second-largest e-commerce company behind Alibaba.
China's e-commerce giant says selling the virtual currency will be banned on its site "in the interest of consumer protection."
Alibaba, the China-based e-commerce giant, will put itself in direct competition with Tencent Holdings, a major firm in the Chinese gaming arena.
The company could be heading to the New York Stock Exchange, according to a new report.
The e-retail store will offer everything from fashion to tech to jewelry, according to a new report.
Chinese e-commerce giant contributed most of the funds in the deal, which values the e-commerce startup at $600 million, according to The Wall Street Journal.
As far as Internet shopping goes, the Chinese holiday Singles' Day makes the US' Cyber Monday look like child's play.
The companies are in talks for the Web pioneer to sell a large chunk of its holdings in the China e-commerce giant, sources tell All Things D.