Venice-based Snapchat is reportedly in talks with Alibaba for more funding, in a deal which values Snapchat at $10 billion. The report, from Bloomberg, did not say how much Snapchat is looking to raise from Alibaba. Bloomberg cited "people with knowledge of the situation." Neither of the companies have commented on the rumors.
Top NewsWednesday, July 30, 2014
Report: Snapchat In Funding Talks With Alibaba