AuthorTopic: Reddit, Is Reportedly Set To Land $210 Million Investment From A Chinese Censor  (Read 139 times)

Offline azozeo

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Who really thinks about where the money is coming from as long as you get the money?

Reddit is about to get a huge new round of investment of up to $420 million, reports TechCrunch. The first $210 million is reportedly expected to come from the Chinese tech giant Tencent, the first ever Asian technology company to pass a $699 billion market value.

The Reddit-Tencent marriage is complicated by the fact that Reddit, one of the most popular websites on the internet, is regularly ó and is currently ó blocked in China as part of the worldís most notorious and sophisticated censorship regime, the Great Firewall of China.

Further complicating matters is the fact that Tencent is not merely a resident on Chinaís internetóthe company is one of the most important architects of the Great Firewall. Itís an interesting source of cash for a Silicon Valley company whose product is essentially speech.

Tencent is, at great cost and ultimately for great profit, literally reinventing censorship in China. The Great Firewall was not built by the Communist Party in Beijing, itís built by the tech giants all around China. This opaque but clearly powerful relationship between the $699 billion company and the Chinese government raises interesting and unanswered questions about Tencentís forays into the West, including questions about Redditís future.


https://www.gizmodo.com.au/2019/02/reddit-banned-in-china-is-reportedly-set-to-land-210-million-investment-from-a-chinese-censorship-powerhouse/
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