China's Largest Internet Company Wants To Invest In Snapchat

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Tencent Holdings, which is the third largest Internet company in the world and operates the largest social network in China, is "vying to lead a fundraising round of $200 million" in Snapchat, according to The Wall Street Journal. If Snapchat raises that amount, it will value the company (which has generated no revenue) at $4 billion.

Financial incentives aside, Snapchat could benefit greatly from an investor that has a thorough understanding of social media habits in China - the world's largest audience of social media users.

What's more, messaging apps such as WeChat and LINE have exploded in popularity in Asia, which is a promising sign for Snapchat's user growth in the region. (Wall Street Journal)

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