Alibaba to invest $200M in Snapchat — report

China’s e-commerce giant Alibaba Group, in a move to beef up its mobile services, reportedly will invest $200 million in Snapchat, a mobile app that sends photos and messages that disappear after a few seconds. Bloomberg, citing unnamed sources familiar …

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Telefónica’s Wayra partners with Chinese incubator

European and LatAm operator group Telefónica’s start up incubator Wayra has struck an agreement with Chinese incubator Virtue Inno Valley (VIV) to promote their businesses in each other’s geographic territories.