Banned in China, Reddit raises $300 million led by China's Tencent

US-based Reddit confirmed it has raised $300 million at a $3 billion post-money valuation, with $150 million from China's Tencent. This comes as several US-based services like Google and Facebook are blocked in China while Reddit has been banned since August 2018. Reddit users posted memes over the funding amid fears the online discussions platform would come under Chinese censorship.