The e-commerce company has contributed a possible $200m to what could eventually be a $650m series F round for the instant messaging service.
US-based instant communication app Snapchat has secured $537.7m in new funding from investors including e-commerce company Alibaba, CNBC reported on Friday.
The figure is backed up by a regulatory filing made on the same day, and the cash was raised as part of a $650m round that will value Snapchat at $16bn, undisclosed sources told CNBC. Other investors in the round include Fidelity Investments, York Capital and Glade Brook Capital.
Snapchat is best known for its core offering, a picture-based…
