Report: Snapchat Value Could Reach $10 Billion With Alibaba Investment Look out, Airbnb, Dropbox and Uber: there's reportedly a new $10 billion business on the block.

By Geoff Weiss

Opinions expressed by Entrepreneur contributors are their own.

Snapchat is poised to join a storied circle of startups including Airbnb, Dropbox and Uber that boast billion dollar valuations in the double digits.

The ephemeral messaging app is in talks with investors -- notably among them Chinese Internet titan Alibaba -- for a new funding round that could value the company at $10 billion, Bloomberg reports.

Dropbox and Airbnb are both valued at $10 billion as well, while Uber shattered records for a valuation from a direct funding round in June totaling $1.2 billion, which rocketed the car-sharing company's value to $18.2 billion.

Snapchat, which said its rapidly growing user base sends more than 700 million fleeting messages every day, added new disappearing text messaging and video conversation capabilities in May.

Related: Instagram Ruffles Feathers With New Snapchat-Like App 'Bolt'

Despite a legal clash with the Federal Trade Commission -- which ruled that Snapchat messages did not "disappear forever" as advertised, and that it had clandestinely collected user data -- Snapchat has been a hot-button property in the scorching mobile messaging space.

The company's founder, Evan Spiegel, famously rebuffed a $3 billion acquisition by Facebook last year, which in turn led the social network to develop its own Snapchat competitor, Slingshot.

Alibaba, for its part, has been known to invest in messaging apps before. It led a round in March for the free messaging platform Tango with a $215 million tender. The company, which is expected to have one of the largest U.S.-based IPOs of all time, also tendered $250 million in the latest financing round for car-sharing service, Lyft.

Related: This Bar Wants You to Apply for a Job Via Snapchat

Geoff Weiss

Former Staff Writer

Geoff Weiss is a former staff writer at Entrepreneur.com.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Leadership

7 Telltale Signs of a Weak Leader

Whether a bully or a people pleaser who can't tell hard truths, poor leadership takes many forms.

Growing a Business

Entrepreneurs Should Invest in Service, Not Just Sales — Here's How to Build a Customer-First Business

A customer-first business strategy that prioritizes exceptional service, empowers employees and leverages feedback can transform satisfied customers into loyal advocates, driving sustainable, long-term growth.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Marketing

I've Sold More Than $18,000,000 in Products and Services Using This "Big" Marketing Strategy

This one single thing can be the difference between a home-run marketing campaign and one that flops.