Alibaba to invest $200 Million in Snapchat

Originally posted at Variety.com MARCH 11, 2015 | 06:42PM PT By:┬áPatrick Frater Asia Bureau Chief Messaging app Snapchat is poised to receive a $200 million investment from Chinese e-commerce giant Alibaba, according to a report by Bloomberg. Alibaba has not confirmed the investment. The cash injection would come only a month after Snapchat said that…