Best cryptocurrency ticker reddit2/2/2024 ![]() Outside of gaming, Tencent also has investments in social media, streaming, music, ecommerce, artificial intelligence and other sectors. Tencent also owns around 40% of Epic Games, the maker of “Fortnite.” Tencent is the owner of Riot Games, the maker of “League of Legends,” and Supercell, a key mobile games developer. The value of Reddit could be calculated into a sum-of-the-parts valuation of Tencent, or the conglomerate could choose to sell off the Reddit stake after the IPO lockup period is over to unlock shareholder value.Īlong with its Reddit stake, investors in Tencent get exposure to one of the largest gaming companies in the world. If Reddit is valued at more than $10 billion with an IPO in 2023, an investment in Tencent today could see an increase in valuation. Tencent owns a stake of between 5% and 10% of Reddit, according to reports. Based on a valuation of $10 billion in 2021, the investment by Tencent has more than tripled, assuming it still owns the full stake. In total, Tencent has invested $300 million in Reddit at a valuation of $3 billion or less. In each round, Tencent was valued at between $2.7 billion to $3 billion. According to TechCrunch, Tencent invested $150 million in 2019 and $150 million in 2020. Tencent invested in Reddit in 20 through two separate funding rounds. Other investors include Sequoia Capital, Andreessen Horowitz and Vy Capital.Īnother investor in Reddit is Chinese entertainment and gaming conglomerate Tencent Holdings TCEHY, whose stock investors can buy. Reddit has completed eight funding rounds, bringing in $1.3 billion from different investors, according to data from Crunchbase.įidelity led the 2021 funding round and is one of the key shareholders of Reddit. Owning a Piece of Reddit: Prior to the highly anticipated public listing of Reddit, investors have a way to get exposure to the company. Related Link: Reddit Co-Founder Alexis Ohanian Prints Mean Tweets And Screenshots, How He Uses Them As Motivation
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