Alibaba ploughs $200 million into Snapchat in latest startup deal-source

Alibaba Group Holding Ltd is investing $200 million (133 million pounds) in photo-messaging app Snapchat, a source familiar with the deal said, striking its latest Silicon Valley deal as the Chinese ecommerce company builds up mobile services. The investment values the company at around $15 billion, according to Bloomberg, citing people familiar with the situation as saying. Snapchat's latest valuation is a massive increase for a company that Facebook offered to buy in late 2013 for $3 bill