Yahoo China has sent an official email to its mailbox users, stating that the company will close its email service on August 19, 2013, and all user data will be temporarily taken over by Alibaba’s cloud-based service Aliyun.com.
Chinese Internet company Tencent revealed in its financial report for the first quarter of 2012 that the company acquired a 13.84% stake in KakaoTalk, a South Korean mobile communication application, for CNY403 million.