WebUpdate: Reddit confirmed the deal Monday morning, saying that it raised $300 million in a funding round led by Tencent and joined by several of the site’s existing investors. The … WebFeb 6, 2024 · Reddit is about to get a huge new round of investment of up to $300 million, reports TechCrunch. The first $150 million is reportedly expected to come from the Chinese tech giant Tencent, the...
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WebOct 22, 2024 · The company, founded in 2024, is incorporated in the Cayman Islands—an offshore tax haven—and has its headquarters in the Chinese city of Wuhan in the country's central Hubei province. Donald... WebFeb 11, 2024 · 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 … Josh Constine is a Principal investor and Head Of Content at venture capital fund … southwest screening
US to Put 8 More Chinese Companies on Investment and Export Blacklist
WebSep 27, 2024 · American carmaking giant General Motors is set to invest $300m in Chinese autonomous driving startup Momenta. The Beijing-based firm is looking to develop mass-producible self-driving technologies. It already boasts Toyota, Daimler, and China's largest automobile manufacturer SAIC Motor among its backers. WebReddit is not Chinese, but the Chinese company Tencent invested $150 million in it in 2024. That caused some controversy among the existing users because China frequently bans Reddit through the Great Firewall of China. Reddit’s current value is $3 billion, which was significantly boosted by Tencent’s investment. WebFeb 24, 2024 · The report also said about 150 investment proposals from China worth more than $2 billion were stuck in the pipeline. Companies from Japan and the US routing investment through Hong Kong were also ... teamdrive buy