Users protest after Tencent invests in Reddit

Jamie McKane

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Users protest after Tencent invests in Reddit

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.

[Bloomberg]
 
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