Chinese Censorship Company Invests $150 Million into Reddit

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Chinese censorship company invests 150 million dollars into Reddit

Reddit is now being funded by a multi-billion dollar Chinese company known for aggressively silencing dissidents in China.

Reddit, once known as being the platform for free speech, is currently fundraising to keep itself a float, with a $300 million goal, according to NewsBusters.

Half of that goal has already been met, thanks to a massive investment of $150 million from Chinese censorship company Tencent. The company is in charge of blocking, blacklisting and preventing internet access to certain groups, sites, and information in China. Ironically, Tencent is responsible for the banning of Reddit in China.

Information Liberation reports: Probably a good decision on their part.

TechCrunch reported that the majority stakeholder for Reddit used to be publisher Conde Nast. The majority stakeholder now is Advance Publishing. But Tencent’s massive investment gives it a boost in its status.

Conde Nast is also owned by Advance Publications which is owned by the Newhouse family.

[…]Tencent is now “literally reinventing censorship in China,” according to Gizmodo. The company works closely with the Chinese government to ensure that the standards for censorship are met.

This strikes me as very appropriate.

No doubt they’ll be sharing their censorship techniques with one another!

Such are the wonders of globalization!

Sean Adl-Tabatabai
About Sean Adl-Tabatabai 17801 Articles
Having cut his teeth in the mainstream media, including stints at the BBC, Sean witnessed the corruption within the system and developed a burning desire to expose the secrets that protect the elite and allow them to continue waging war on humanity. Disturbed by the agenda of the elites and dissatisfied with the alternative media, Sean decided it was time to shake things up. Knight of Joseon (https://joseon.com)