Tencent investment in Reddit sparks censorship worry

SAN FRANCISCO: Reddit confirmed Monday (Jan 11) a new funding round that included a US$150 million investment by Chinese technology behemoth Tencent, prompting concerns that “the front page of the internet” might wind up censored.

San Francisco-based Reddit raised a total of US$300 million at a US$3 billion valuation, with investors including Andreessen Horowitz, Fidelity, Sequoia and Tencent, the company’s CEO told CNBC.

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