Alibaba To Acquire Dropbox Similar Service in China

Sept 27, 2013 (Fri): Alibaba Group on Wednesday announced it will acquire Kanbox, a personal cloud storage service with more than 15 million users in China without disclosed the deal terms.

Alibaba hopes the acquisition can provide consumers with comprehensive cloud-based storage solutions similar to Apple’s iCloud service, enabling seamless access to personal media and content across numerous devices such as computers, mobile phones, tablets and TVs. This will also complement Alibaba’s existing online shopping services such as vendors on Taobao Marketplace can have a safe and convenient way to store large numbers of product photos and other website images.