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Fab CEO: Why we choose Tencent in China?
Today one important news is that Fab completes its D round fund raising with 150 million US dollars. Regarding this round of fund raising, Fab CEO Jason Goldberg explained : "If Fab wants to do business in US only, then it's not necessary to raise so much money.". Also from the investment of Tencent and Itochu from Japan, China and Japan will be Fab's new market of expansion.Why does Fab choose to cooperate with Tencent to expand Chinese market?(There was news that Alibaba was also contacting Fab for the cooperation)? Goldberg gave his explanation while interviewed by AllThingsD.“We had ...