Alibaba invests $200M in Snapchat

Posted online March 12, 2015 | 6:53 am

Chinese e-commerce giant Alibaba has invested $200 million in Snapchat, according to a source familiar with the matter.

Both companies declined to comment for the story by CNNMoney.

Social media startup Snapchat has attracted a lot of attention from investors as its disappearing messaging app grows in popularity.

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