Snapchat Lands $200 Million Deal With Alibaba
- Snapchat and Alibaba
- Imran Khan, a Pakistani politician and former cricketer, had elevated Credit Suisse’s tech banking status as head of Asia investment banking
- Alibaba is a China-based e-commerce and mobile business
To cut it short
Snapchat Chief Strategy Officer Imran Khan is believed to have played a crucial role in a new Alibaba $200 million investment deal. Currently banned in China, the ‘disappearing-photos’ application deal follows Alibaba’s major IPO. Snapchat has previously turned down an acquisition offer from social media giant Facebook.