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REPORT: Chinese e-commerce giant Alibaba is investing $200 million in Snapchat at $15 billion valuation

JILLIAN D'ONFROMar 12, 2015, 03:09 IST

Chinese e-commerce giant Alibaba plans to invest $200 million in Snapchat at $15 billion valuation, sources tell Bloomberg.

This funding would be in addition to, not part of, the $500 million funding round Snapchat was reportedly in talks about last month, sources tell Bloomberg's Serena Saitto.

A $19 billion valuation would make Snapchat the third-most valuable venture-backed company in the world, after Xiaomi and Uber (with values of $45 billion and $40 billion, accordingly).

Developing... refresh for updates.

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