Understanding Alibaba’s Snapchat Obsession

Why is Snapchat blocked in China? Just curious. Love this article.

TechCrunch

[tc_dropcap]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.[/tc_dropcap]

Snapchat is back in the news alongside Alibaba, which is investing $200 million as part of a new $500 million finding round.

This is not the first time that these two companies have been linked with a deal. Bloomberg last July reported that the two sides had met regarding a potential investment at a $10 billion valuation. Leaked emails from Sony — including those of Sony Entertainment CEO and Snapchat board member Michael Lynton — subsequently backed up that story, but no deal was done. Until now.

[tc_writerquote align=”right”]Alibaba missed the messaging-app race in China.[/tc_writerquote]

So why is Alibaba, the company that dominates online retail in China and held the largest…

View original post 1,162 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s