Alibaba (BABA) Plans Investment in SnapChat at $15B Valuation - Bloomberg

(Updated - March 11, 2015 5:43 PM EDT)

Alibaba (NYSE: BABA) plans an investment in SnapChat valuing the disappearing messaging and photo app at $15 billion, Bloomberg reported late Wednesday citing people familiar with the matter.

The Chinese e-commerce giant plans to invest $200 million in the financing, which is said to be outside a recent $500 million round that valued SnapChat at $16-$19 billion.

Alibaba declined to comment on the report.

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