Qutoutiao

Tencent-backed news app Qutoutiao nabs $171M from Alibaba

The race to give Chinese users their daily dose of news intensifies as Qutoutiao, a rival to TikTok parent ByteDance, net an installment of sizable backing. Alibaba is injecting $171 million in a conv

Surging costs send shares of e-commerce challenger Pinduoduo down 17 percent

China’s new tech force Pinduoduo is continuing its race to upend the e-commerce space, even at the expense of its finances. The three-year-old startup earmarked some big wins from the 2018 fisca

China’s Qutoutiao is burning millions of dollars to take on TikTok parent

Chinese startup ByteDance is finding itself surrounded by challengers as its empire of new media products, including global video app TikTok and Chinese news aggregator Jinri Toutiao, gather steam. Te

A Chinese e-commerce app that lures grocery shoppers with cash just raised $100M in Series B

There is no shortage of up-and-comers jostling for a spot in China’s massive e-commerce¬†industry, and oftentimes they pick a niche market and present a novel business model different from the e

Tencent-backed news aggregation app Qutoutiao files for US public offering

Qutoutiao, a news aggregator app backed by Tencent, has filed for an initial public offering of up to $300 million in the United States. In its F-1 form, the company, whose name means “fun headl