Alibaba to invest in Snapchat

NEW YORK, July 31 (AFP): Snapchat has held talks with Chinese e-commerce giant Alibaba toward a possible investment in the mobile-messaging startup, US media have reported.
It was not clear whether the discussions will lead to a deal, the reports Wednesday said.
According to the Bloomberg news agency, the first to report the talks, the terms of the financing could value Snapchat at around $10 billion.