Alibaba ploughs $200m into US' Snapchat in latest startup deal
Alibaba Group Holding Ltd is investing $200 million in photo-messaging app Snapchat, the Bloomberg reported on March 12 citing a source familiar with the deal. The investment values the company at around $15 billion.
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An advertising billboard featuring the Snapchat logo in Richfield, Minnesota on October 24, 2015.[Photo/IC] |
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