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Reddit raises $300M in finance round led by China’s Tencent

Seattle Times Tuesday, 12 February 2019
Reddit raises $300M in finance round led by China’s TencentSAN FRANCISCO (AP) — Social media service Reddit Inc. says it has raised $300 million in a financing round led by Chinese internet giant Tencent. Reddit’s CEO, Steve Huffman, told CNBC on Monday that values the privately held company at $3 billion. Half the new money came from Tencent, Asia’s most valuable tech company. Other […]
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News video: Reddit Receives $150 Million From Chinese Censorship Company

▶ Reddit Receives $150 Million From Chinese Censorship Company 00:46

Reddit has raised $300 million in investments this round, led by $150 million in cash from the Chinese tech company Tencent. Gizmodo reports the San Francisco-based social media site, valued at $3 billion and ranked as the sixth most popular website in the United States, is banned in China. Reddit...

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