Ma Huateng, Zhang Zhidong, and Xu Chenye formed Tencent in 1998 as a Chinese international company. Who And What Else Does Tencent Invest In? If you ever want to check out what he’s up to on Reddit, he goes by the username ‘Spez’ he mostly posts in mod-related subreddits but it didn’t take long for me to see a picture of his Cavapoo puppy. However, the majority of shares in Reddit are still in American hands, with Steve Huffman still reigning at the helm as CEO. Tencent has invested in Spotify, Epic Games, and Snap, but none of them have experienced the censoring that Reddit members fear. Other US enterprises with Chinese financing, on the other hand, have escaped the country’s restrictions thus far. A brief video of a foreigner reading from Mao Zedong’s Little Red Book was banned from the site in one case. Users that log into their Chinese accounts on Douyin, the Chinese counterpart of TikTok, from outside the state have had their postings removed. If their accounts are linked to mainland IDs, WeChat users in the United States may still be restricted. While China has previously banned information outside of its borders, it has often done so via Chinese native applications linked to mainland accounts.

The investments from China raised concerns amongst Redditors, who don’t like the idea of their free-speech platform being censored in Chinese fashion. While the platform is still owned by American company Advanced Publications, Chinese investors do have stakes in the company. In 2019, Tencent, the Chinese digital titan behind WeChat and League of Legends, invested $150 million in Reddit, raising concerns about censorship among Reddit users. Where does this idea come from? Does China Own Reddit? After Steve and Alexis left Reddit in 2009 and moved on to different ideas, their community manager Erik Martin kept the idea going and came up with two different ways of advertising on the site in the form of sponsored content and self-serve ads.įast forward a few years and not only have Steve Huffman and Alexis Ohanian returned as executives with Ohanian again leaving this role, but there’s also a lot of discussions over China owning the company.

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