Alibaba invests $200m in Snapchat
Snapchat recently introduced advertising to its platform, in a bid to start generating revenue
Chinese internet giant Alibaba has invested approximately $200m (£133m) in a stake in messaging application Snapchat, the BBC understands. That values the four-year old firm at nearly $15bn (£10bn)makes it one of the world's most valuable start-ups. Snapchat allows users to send text and picture messages which disappear in 10 seconds. Snapchat says its users send 700 million snaps daily, recently...
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