Deals
China’s Tencent Invests in Reddit, Sparking Free Speech Protests
Photographer: Qilai Shen/Bloomberg
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Reddit Inc. said Monday that it raised $300 million from investors. It was one backer, in particular, that drew condemnation from members of Reddit’s online community.
Chinese internet giant Tencent Holdings Ltd. was among the investors in the round, which values the link-sharing website at $3 billion. A report last week by technology website TechCrunch signaled Tencent’s interest.