Alibaba to invest in Snapchat at $15 billion valuation - Bloomberg

(Reuters) - Chinese e-commerce company Alibaba Group Holding Ltd is planning to invest $200 million (133 million pounds) in Snapchat, valuing the photo-messaging service at about $15 billion, Bloomberg reported on Wednesday, citing people it said were familiar with the situation. A month ago, Bloomberg reported that Snapchat is looking to raise as much as $500 million in a new funding round that would value the Los Angeles-based company at up to $19 billion. The Alibaba investment would not be p