The biggest news on the tech startup radar is of course Facebook’s enormous acquisition of mobile photo sharing app, Instagram for US$1 Billion in cash and stock.

It doesn’t really surprise me that Facebook bought Instagram because I heard Facebook’s CTO Bret Taylor at Mobile World Congress reiterate that the future of Facebook is in mobile.

Instagram’s exit is amazing given that the company is only made up of a few people and has amassed a user base of 30 million plus continues to be one of the most downloaded photo apps ever.

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Jason Lim

Jason is an Australian born Chinese living in Beijing, specializing in entrepreneurship, start-ups and the investment eco-system in China, especially in the tech and social area.