Reddit is opening an office in Chicago, the tech company’s first outside the coasts. (Dreamstime/TNS)
SAN FRANCISCO: Reddit confirmed Feb 11 a new funding round that included a US$150mil (RM611.55mil) 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$300mil (RM1.22bil) at a US$3bil (RM12.23bil) valuation, with investors including Andreessen Horowitz, Fidelity, Sequoia and Tencent, the company’s CEO told CNBC.
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
