Snapchat’s userbase to exceed Twitter, Pinterest in US: Report

APACTimes of India — SAN FRANCISCO: Ephemeral messaging app Snapchat by year’s end will have more US users than either Twitter orPinterest , a market tracker said Wednesday. The number of people using Snapchat in the United States will leap more than 27% this year to 58.6 million, meaning that nearly one in five people in the country will be using the service, according to an eMarketer forecast.

http://timesofindia.indiatimes.com/tech/tech-news/Snapchats-userbase-to-exceed-Twitter-Pinterest-in-US/articleshow/52670869.cms

REPORT: Chinese e-commerce giant Alibaba is investing $200 million in Snapchat at $15 billion valuation

China.gifChinese e-commerce giant Alibaba plans to invest $200 million in Snapchat at $15 billion valuation, sources tell Bloomberg. This funding would be in addition to, not part of, the $500 million funding round Snapchat was reportedly in talks about last month, sources tell Bloomberg’s Serena Saitto. That round had Snapchat valued at $19 billion, instead of $15 billion.  This isn’t the first time Alibaba’s name has come up in funding talks. Saitto reported that the two companies were in discussions about a round at a $10 billion valuation back in July.

http://www.businessinsider.com/report-alibaba-investing-200-million-in-snapchat-at15-billion-valuation-2015-3

Alibaba invests $200M in Snapchat

China.gifAlibaba’s spending spree continues! The Chinese ecommerce behemoth has just given American chat startup Snapchat a US$200 million cash infusion, a source familiar with the deal told Tech in Asia. This latest investment values the American company at around US$15 billion. Neither company has officially announced the investment yet.

https://www.techinasia.com/alibaba-invests-us200m-snapchat/

Tencent makes a play for China’s Snapchat generation with $20M investment in Blink

Tencent has made a new social play in the same vein as Snapchat to appease China’s “post-90s” youths. The web giant made a fresh US$20 million series A investment into Blink, a new photo sharing and messaging app out of China. Sequoia Capital, H Capital, ZhenFund, and Innovation Works also participated in the round, according to Techweb.

https://www.techinasia.com/tencent-play-chinas-snapchat-generation-20m-investment-blink/

Snapchat’s financing talks with Alibaba end

[BANGALORE] Snapchat Inc’s financing talks with China’s Alibaba Group Holding are over, Bloomberg reported, citing people familiar with the matter. The developer of a popular app that allows users to send messages that disappear after a few seconds was reportedly in talks last week with investors, including Alibaba, for financing that could value the company at US$10 billion.

http://www.businesstimes.com.sg/breaking-news/world/snapchats-financing-talks-alibaba-end-20140809