Reddit raises $300M in finance round led by China's Tencent

ABC News | 2/11/2019 | Staff
KHALED (Posted by) Level 3
Social media service Reddit Inc. says it has raised $300 million in a financing round led by Chinese internet giant Tencent.

Reddit's CEO, Steve Huffman, told CNBC on Monday that values the privately held company at $3 billion.

Money - Tencent - Asia - Company - Investors

Half the new money came from Tencent, Asia's most valuable tech company. Other investors included Sequoia, Fidelity, Andreessen Horowitz, Quiet Capital,...
(Excerpt) Read more at: ABC News
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