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Snapchat — the hot tech startup built around creating digital messages and photos that disappear shortly after being sent — is raising $650 million in equity, which would value the company at $16 billion, according to a media report on Friday. Snapchat’s new investors include China e-commerce giant Alibaba Holdings (BABA), along with Fidelity, York Capital and Glade Brook Capital, according to a CNBC report . The social media messaging service has Scalper1 News
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