At home in China, Tencent is responsible for some of the biggest social media and messaging apps including QQ, WeChat, and Qzone. Linkedin. Last week reports said that Tencent would be investing $150m (£115m) into the platform. WeChat users in America can still be censored if their accounts are connected to mainland IDs. Reddit has repeatedly struggled to moderate its freewheeling forums, which have often been breeding grounds for racist, misogynistic, and homophobic content. Tencent Holdings Ltd., one of Asia’s biggest companies, is little known beyond the tech world. Reddit Inc. said Monday that it raised $300 million from investors. Tencent Holdings Ltd, also known as Tencent, is a Chinese multinational technology conglomerate holding company.Founded in 1998, its subsidiaries globally market various Internet-related services and products, including in entertainment, artificial intelligence, and other technology. South African media company Naspers purchased a 46.5% share of Tencent in 2001 (As of 2018, it owns 31.2%. I also looked into Tencent prior to this post. The new round of funding values the company at $3 bil… Social media service Reddit Inc. says it has raised $300 million in a financing round led by Chinese internet giant Tencent. ReddIt. Here's the shady side of Tencent. Reddit Just got a $150 Million Investment from TenCent who also own 40% of Epic Games, Like to Censor & Sell Your Information. Grinding Gear Gaming, developers of the RPG sleeper-hit Path of Exile is the latest studio to be acquired by Tencent. The Issue is that Tencent is essentially a Chinese Government entity. Print. It owns social (and more) in China. Last week TechCrunch reported that Reddit was raising $150 million from Chinese tech giant Tencent and up to $150 million more in a Series D that would value the company at … The company was founded by Pony Ma, Zhang Zhidong, Xu Chenye, Chen Yidan and Zeng Liqing in November 1998 as Tencent Inc. based in the Cayman Islands. Tencent, who fully owns Riot Games, the producer of League of Legends, also holds 40 percent of Epic Games. Who Owns Reddit? Tencent will reportedly invest $150 million in Reddit, which would make it one of the social platform's top stakeholders. Tencent, who fully owns Riot Games, the producer of League of Legends, also holds 40 percent of Epic Games. As per the report, the ban will take effect in 45 days. Interestingly, Reddit itself is banned in China. Tencent's planned investment is a vote of confidence for Reddit, and could propel the controversial social platform closer to an IPO. Reddit users rebel after China-owned Tencent said to be leading funding round by Holmes Chan 17:15, 11 February 2019 22:38, 31 March 2020. Cumulative Growth of a $10,000 Investment in Stock Advisor, Tencent Buys Stake In Another U.S. Social Network -- Reddit @themotleyfool #stocks $TCEHY $SNAP, Tencent Reportedly Could Make a Multibillion-Dollar Push to Acquire Take-Two Interactive or EA, Better Buy: Activision Blizzard vs. Tencent, Why I Just Sold These 3 Chinese Tech Stocks, Tencent Makes Another Billion-Dollar Gaming Acquisition, Huya and DouYu Deal Comes Under Chinese Regulatory Scrutiny, Copyright, Trademark and Patent Information. November 23, 2020 by IWB. It’s not a big leap to speculate the … I didn’t feel it would be fair to give this breakdown in the image though because I didn’t break down any … Due to the ongoing political unrest between India and China, the ministry of electronics and information technology issued an interim order banning more than 100 apps that is owned or developed by organisations with a Chinese background or ties to … Stock Advisor launched in February of 2002. Publisher Condé Nast acquired a majority stake in 2006, and that stake now belongs to its parent company, Advance Publications. Check out the latest Tencent earnings call transcript. 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