Tencent-backed Qutoutiao Files For Us Ipo

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– Chinese content aggregator Qutoutiao Inc, which is backed by technology giant Tencent Holdings Ltd, filed for an initial public offering of up to $300 million with the U.S. Securities and Exchange Commission on Friday.

Qutoutiao, which means “fun headline”, collects articles and short videos from professional media and freelancers and presents customized feeds to users on its namesake mobile application.

The company ranks fourth among the news apps in Apple’s Chinese App Store, after Toutiao, Alibaba’s UC Web Browser and Tencent News.




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