snow Archive

Line invests $45 million into Snapchat clone Snow

Line, the messaging company that went public in the year’s highest IPO to date, is diversifying its business and focusing on social after it invested $45 million (50 billion KRW) in Snow, a Snapchat clone focused on Asia. The deal sees Line take 25 percent equity in Snow, the company confirmed to TechCrunch. Snow made headlines this summer for racking up downloads in Japan, Korea, China and Southeast …