Reddit has raised a $300 million investment round led by $150 million cash injection from the Chinese tech titan Tencent. Meanwhile, the San Francisco-based social media site, valued at $3 billion and ranked as the sixth most popular website in the United States, is still banned in China.
Reddit Lands $150 Million From Chinese Censorship Giant Tencent as Users Call Bullshit
Gizmodo - 11 Feb 2019 22:25
Reddit has raised a $300 million investment round led by $150 million cash injection from the Chinese tech titan Tencent. Meanwhile, the San Francisco-based social media site, valued at $3 billion and ranked as the sixth most popular website in the United States, is still banned in China.
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