Alibaba Group Acquires Kanbox, A Personal Cloud Storage Service

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http://techcrunch.com – Chinese Internet giant Alibaba Group has acquired Kanbox, the personal cloud storage service sometimes referred to as “the Dropbox of China.” This marks Alibaba Group’s first personal cloud storage acquisition as the company focuses on expanding its range of consumer-focused cloud computing products. The acquisition price was undisclosed. Launched in early 2011, Kanbox raised a Series B round of $20 million that year led by DCM with SIG China participating. Kanbox has more than 15 million users who use the service to upload, download and sync files through their devices. Abo (IT news)