Titans nab apps and grab maps to fill the gaps
By Meng Jing | China Daily | Updated: 2014-03-06 07:17
Domestic Internet giants are on a merger and acquisition spree as the nation is moving fast into the mobile era, reports Meng Jing
Would you consider buying a startup with just 50 employees for $19 billion? Mark Zuckerberg, co-founder and chief executive officer of Facebook Inc, the world's largest social network, did just that in late February.
The real motivation for the lofty price was the fast-growing mobile messaging service called WhatsApp.
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