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October 26, 2013 11:27 am GMT
Snapchat is looking to raise up to $200 million at a valuation of $3 to $4 billion and one of the potential investors that founder Evan Spiegel has talked to the most is Chinese Internet giant Tencent Holdings, reports WSJ. Spiegel has referred to Tencent in the past as a "role model," including at Disrupt SF when we asked him about Snapchat's monetization strategies, especially when it comes to Tencent's ability to profit from in-app purchases. The startup's last funding round was in June, when it raised $80 million at a $800 million valuation.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/rx1Byayj_EQ/
Chinese Internet Giant Tencent Goes From Snapchat "Role Model" To Potential Investor
Snapchat is looking to raise up to $200 million at a valuation of $3 to $4 billion and one of the potential investors that founder Evan Spiegel has talked to the most is Chinese Internet giant Tencent Holdings, reports WSJ. Spiegel has referred to Tencent in the past as a "role model," including at Disrupt SF when we asked him about Snapchat's monetization strategies, especially when it comes to Tencent's ability to profit from in-app purchases. The startup's last funding round was in June, when it raised $80 million at a $800 million valuation.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/rx1Byayj_EQ/
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