A staff walks past decorations for the 20th anniversary of the founding of Tencent Holdings at an office building of the company in Shenzhen. Photo: Xinhua

Reddit said to land China’s Tencent as lead investor in funding round that may value website at US$3 billion

  • Reddit is reportedly raising funds in a round that could value the discussion website at U$3 billion
Topic |   Social media

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A staff walks past decorations for the 20th anniversary of the founding of Tencent Holdings at an office building of the company in Shenzhen. Photo: Xinhua
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WeChat, the Tencent Holdings-operated super app, counts more than 1 billion active users and has become such an indispensable mobile platform that internet companies looking to introduce competing social media products must rely on it to reach and sign up potential new subscribers. Photo: Shutterstock

Can WeChat defend its social media predominance by blocking its competitors?

  • The Tencent-owned super app turned eight years old this month amid criticism about its monopolistic behaviour
Topic |   WeChat

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WeChat, the Tencent Holdings-operated super app, counts more than 1 billion active users and has become such an indispensable mobile platform that internet companies looking to introduce competing social media products must rely on it to reach and sign up potential new subscribers. Photo: Shutterstock
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