- A month after reporting Snapchat is seeking a valuation as high as $19B in a new funding round, Bloomberg reports Alibaba (NYSE:BABA) plans to pour $200M into the ephemeral messaging platform at a $15B valuation through an investment that would be outside of the funding round.
- Snapchat, whose user base skews heavily towards millennials, was valued at just ~$10B in a $485.6M funding round that took place a couple months ago. Its monthly active user (MAU) count is believed to be around 200M.
- Meanwhile, the WSJ has reported Alibaba is in talks to invest in major Indian online marketplace Snapdeal; no word on the investment size. SoftBank, which owns a big chunk of Alibaba itself, invested $627M last year in Snapdeal, which (along with Flipkart) is one of the two biggest players in an Indian e-commerce market forecast by Morgan Stanley to grow to over $100B in 2020 from just $3B in 2013.
- Alibaba, which had $21.1B in cash at the end of 2014 thanks to its massive IPO, has been making strategic investments at a heady pace. Recent deals: Meizu, Peel, SingPost, Kabam, Youku, Intime, Beijing Enlight Media.
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