News Alibaba to Snapchat to invest $ 200 million

According to the United States 11th quoted by Bloomberg News said Alibaba plans to burn after reading mobile social tool Snapchat investment of $ 200 million, and Snapchat would be valued at $ 16 billion. At present, the area of Babaji and Snapchat, has not confirmed or denied reports that investment. Previously had said as early as last year, Ali, intends to invest in Snapchat. Alibaba has realised that in China “BAT” in three patterns, Ali Baba in mobile chat space there is no advantage at all, compared to the previous failure of self development and operation, the company might consider turning to outside investment will be more successful.