REPORT: Chinese e-commerce giant Alibaba is investing $200 million in Snapchat at $15 billion valuation
Advertisement
Michael Kovac/Getty Images
Advertisement
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).
Complimentary Tech Event
Transform talent with learning that works
Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More
Developing... refresh for updates.
Advertisement
- As Ilya Sutskever announces OpenAI exit, here’s a quick recap of his involvement in Sam Altman's firing last year
- DHFL scam, simplified: Here’s all about the Dheeraj Wadhawan case — allegedly India’s biggest banking loan fraud ever
- India-UK trade pact: Work in progress to resolve pending issues
- 5 most colourful mountains in the world
- Vivo takes the top spot in India: Top smartphone brands in Q1 2024