The Alibaba Group, a Chinese e-commerce giant that is preparing a highly anticipated IPO in the United States, has led a $
250 280 million investment in Tango, a Mountain View, Calif.-based developer of messaging and other mobile services. Tango said Alibaba invested $215 million with the additional $65 million coming from some of Tango’s prior investors. Tango previously raised $87 million from Access Industries, Draper Fisher Jurvetson, Qualcomm Ventures, Toms Capital, Translink Capital and individual investors Bill Tai, Shimon Weintraub, Jerry Yang, Alex Zubillaga and others. With the latest round, Tango has now raised $367 million in total funding. Alibaba’s investment in the mobile app developer comes about a month after Facebook agreed to buy WhatsApp, a provider of mobile messaging services, for $19 billion in cash and stock.