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This article was published on March 11, 2015

Alibaba is reportedly investing $200M in Snapchat with a $15B valuation

Alibaba is reportedly investing $200M in Snapchat with a $15B valuation
Napier Lopez
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Napier Lopez

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Napier Lopez is a writer based in New York City. He's interested in all things tech, science, and photography related, and likes to yo-yo in Napier Lopez is a writer based in New York City. He's interested in all things tech, science, and photography related, and likes to yo-yo in his free time. Follow him on Twitter.

Alibaba may be looking to get a piece of Snapchat. According to Bloomberg, the online shopping behemoth is pinning Snapchat at a $15 billion valuation to prepare for an investment.

Alibaba is China’s largest e-commerce company, and it’s second worldwide only to Amazon. The report suggests Alibaba would invest $200 million in the ephemeral messaging company.

Snapchat was purportedly working on a $500 million funding round last month. According to Bloomberg, Alibaba’s investment is separate from that round.

Snapchat has recently been adding numerous features as it looks to expand beyond simple temporary picture messages. Most notably, a new Discover features allows users to explore a variety of editorial content produced specifically for the platform.

➤ Snapchat Is Raising Money From Alibaba at a $15 Billion Valuation [Bloomberg]