Qutoutiao

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

Qutoutiao
Nasdaq: QTT
FounderEric Tan
Headquarters
Shanghai, China
Key people
Eric Tan
Websitequtoutiao.net

History

The company was founded in 2016, and is based in Shanghai.[1] In English, the name translates to "fun headlines."[2]

Chinese billionaire Eric Tan is the chairman and co-founder.[3]

The company is backed by Tencent Holdings.[2]

By September 2018, it had around 17.1 million daily active users on its app, with monthly active users totaling 48.8 million.[2]

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.[3] The company left Nasdaq in 2023.[4]

Products

According to TechCrunch, the app "uses an AI-based content recommendation engine to display articles and videos based on user profiles."[5]

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.


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