Biography
Tencent is the Chinese technology and entertainment conglomerate that, in February 2019, invested a reported $150 million as the lead in Reddit's roughly $300 million Series D financing, which valued Reddit at about $3 billion. The investment drew controversy on Reddit itself, where users objected to backing from a company associated with Chinese internet censorship; many posted images banned in China, such as the 'Tank Man' photo from the 1989 Tiananmen Square crackdown and Winnie the Pooh memes, in protest. The round also included established Reddit investors such as Sequoia, Fidelity, and Andreessen Horowitz.