Article: Tencent Investment into Reddit

In Articles, Business & Commerce by TechnoOwl

Claim: Tencent controls, censors or otherwise manipulates discourse on Reddit

Origin: In Q3 of 2019, it was announced that Tencent had invested $150 million into Reddit.

Facts:

  • It was a minor investment of only $150 million when Reddit is valued at $3 Billion. It also includes no controlling stake and no seat on board (Source)
  • Tencent is known for having a vast array of investments across numerous industries and countries with investments in over 700 different companies 35% of which are outside China. (Source)
  • Other companies Tencent has investments in that you may know of include: (Source 1) (Source 2)
    • Tesla
    • Ubisoft
    • Epic Games
    • Riot Games
    • Snap (Snapchat parent company)
    • Google
    • Walmart
    • Uber
    • Wattpad