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Qutoutiao

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Chinese mobile content aggregator
Qutoutiao
Traded asNasdaq: QTT
FounderEric Tan
HeadquartersShanghai, China
Key peopleEric Tan
Websitequtoutiao.net

Qutoutiao (Chinese: 趣头条) is a Chinese mobile content aggregator.

History

The company was founded in 2016, and is based in Shanghai. In English, the name translates to "fun headlines."

Chinese billionaire Eric Tan is the chairman and co-founder.

The company is backed by Tencent Holdings.

By September 2018, it had around 17.1 million daily active users on its app, with monthly active users totaling 48.8 million.

Following an IPO and Nasdaq listing in September 2018, the company's stock price rose 128%, and with a valuation of over US$1 billion, it became a so-called unicorn company. The company left Nasdaq in 2023.

Products

According to TechCrunch, the app "uses an AI-based content recommendation engine to display articles and videos based on user profiles."

References

  1. Jones, Donovan (21 August 2018). "Qutoutiao Aims For $300 Million U.S. IPO". seekingalpha.com. Retrieved 19 September 2018.
  2. ^ Alex Barinka (September 14, 2018). "Tencent-Backed Qutoutiao Doubles in Frenzied Trading Debut". Bloomberg.
  3. ^ Flannery, Russell. "China Mobile Content Aggregator Qutoutiao's IPO Mints New Billionaire". forbes.com. Retrieved 19 September 2018.
  4. "Qutoutiao sinks 54% on agreement to leave NASDAQ market". Dhaka Tribune. March 21, 2023.
  5. Sarah Perez (August 19, 2018). "uses an AI-based content recommendation engine to display articles and videos based on user profiles". TechCrunch.

External links


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