San Francisco — Reddit confirmed a new funding round on Monday that included a $150m investment by Chinese technology behemoth Tencent, prompting concern that "the front page of the internet" might wind up censored. Tencent is 31%-owned by JSE-listed Naspers. San Francisco-based Reddit raised a total of $300m at a $3bn valuation, with investors including Andreessen Horowitz, Fidelity, Sequoia and Tencent, the company's CEO told CNBC. The TechCrunch website reported about the funding round last week, but that information was unconfirmed until now. Reddit said it planned to use the money for international expansion and to enhance its digital ad platform to better compete in a market where Facebook and Google currently take in most of the revenue. "We are the only company at our scale that is still a private company, so we have had a lot of investor attention in the last year," Reddit CEO Steve Huffman told CNBC. News of Tencent buying into the popular social news website, which is ban...

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