Alibaba buys Kanbox for personal cloud

Acquired by Alibaba

China-based Alibaba Group is to acquire personal cloud storage company Kanbox. The terms of the deal have not been disclosed. Operating much like Dropbox, Kanox raised USD20 in 2011 and counts more than 15m users 20% of which use the service from a mobile device. The purchase marks Alibaba’s entry into the personal storage space. 

“Personal cloud storage will be a fundamental service for mobile users in the future and will serve as an important touch-point to reach a wider user population,” said Florence Shih, an Alibaba Group spokeswoman, in a statement. “We believe this type of service is synergistic with our existing suite of mobile applications and ecosystem.”

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