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…

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