The Tumblr effect: China's user hungry net giants splash out

May 21, 2013, 1:20 PM EDT
Yahoo! CEO Marissa Mayer Announces Acquisition Of Tumblr For $1.1 Billion
Getty/ Mario Tama

Frothy tech valuations are not limited to Silicon Valley with Yahoo's $1.1 billion Tumblr buy. High-stakes deals are growing in China too, as big players court emerging platforms to lock in new users.

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