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# Alibaba Helps Push Snapchat Valuation to $15 Billion

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<!-- video src="https://cdn.jwplayer.com/manifests/ZTFQWOjd.m3u8" -->
## Video: Alibaba Helps Push Snapchat Valuation to $15 Billion

[Watch (HLS stream): Alibaba Helps Push Snapchat Valuation to $15 Billion](https://cdn.jwplayer.com/manifests/ZTFQWOjd.m3u8) (1:31)

![Alibaba Helps Push Snapchat Valuation to $15 Billion](https://cdn.jwplayer.com/v2/media/ZTFQWOjd/poster.jpg?width=720)

_Published 2015-03-12. During Snapchat’s latest round of funding, Alibaba — the Chinese e-commerce giant — pledged to invest $200 million in the popular social media app._


---

Jul 27, 2023 6:02 PM UTC

---

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### Yahoo Announces $40 Billion Spin-Off Of Its Alibaba Shares

[Snapchat Receives $10 Billion Valuation](/video/931Yvh3e/)

### Snapchat Receives $10 Billion Valuation

---


## Transcript

Turning down Facebook's $ 3 billion offer is looking better and better for the growing photo based social media power house Snapchat. Oh, there it is. Bloomberg reports during Snapchat's latest round of funding, Alibaba, the Chinese e- commerce giant who had the largest global IPO ever. Pledged to invest $ 200 million in the popular social media app. Meaning that puny $ 3 billion Facebook offer has been overshadowed by a $ 15 billion evaluation. As to why investors at Giddeo or Snapchat and its potential, the app that makes pictures disappear seems to have a nach for making numbers appear. Back in May of 2014, SnapChat reported more than 700 millions snaps were sent daily and that was almost a year ago.

Since then, the app has added it's our story, snapcash, and discover features. It's also had an enormous jump in its potential value to investors. In December of 2013, it was reported that SnapChat received a valuation of about $ 2 billion. By May 2014, the number jumped to 10 billion and now it sits at a cool $ 15 billion. This puts the teen friendly app in very exclusive company. [ CROSSTALK ]. The remarkably valuable and controversial ride book and service Uber was valued at more than $ 40 billion during its last round of funding. And smartphone maker Jao Me was valued even higher at $ 46 billion.

Meaning Snapchat is tied for the third most valuable private company in the world.

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