Alibaba invests in Snapchat because it missed messaging in China.
Added over 1 year ago | As appeared first on techcrunch.com | Author: Jon Russell
Advertisement Raising funding isn't just about "how much?" but rather "from whom?" Beyond just providing the capital necessary to keep a startup growing — or even, simply, to keep it alive — taking "smart money" can unlock relationships, open doors and more. Snapchat is back in the news alongside Alibaba, which is investing $200 million as part of a new $500 million funding round. This is not the first time that these two companies have been linked with a deal. Bloomberg last July reported t... Continue reading on techcrunch.com
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