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Reddit Receives $150 Million From Chinese Censorship Company

Video Credit: Wochit - Duration: 00:47s - Published < > Embed
Reddit Receives $150 Million From Chinese Censorship Company

Reddit Receives $150 Million From Chinese Censorship Company

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 received other money from investors that include Andreessen Horowitz, Sequoia, Fidelity, and Snoop Dogg.

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