Tencent led a round that valued the Condé Nast-backed online social forum at $3bn post-money as it seeks to boost its advertising revenue.

US-based social media platform operator Reddit confirmed yesterday that it has secured $300m in a series D round led by an $150m investment from internet group Tencent. The round valued the company at $3bn post-money and also included undisclosed existing backers. The size of the round and Tencent’s contribution was originally reported by TechCrunch last…

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