Tencent was rumored to have invested in Reddit, which is known as the most popular social news and discussion forum in the USA, with a $150 million. The news sparked concern among Redditors worrying about the potential purge that might be enforced to the freedom of speech platform, as Tencent always abides by administrative clean-up decisions. However, some argue that such ‘minor’ financial fund will entitle Tencent to zero control. Local specialists see it rather a self-rescue approach within the traffic battle against ByteDance, which has seen a booming growth over the past two years and left Tencent a competitive rival.
