Reddit valued at $3b after raising $300m in Tencent-led funding round

Reddit valued at $3b after raising $300m in Tencent-led funding round

Reddit mascots are displayed at the company's headquarters in San Francisco, California April 15, 2014. REUTERS/Robert Galbraith/Files

Social media network Reddit Inc said on Monday it raised $300 million in its latest funding round, led by Tencent Holdings Ltd, giving it a market valuation of $3 billion.

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