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]

Products

According to TechCrunch, the app "uses an AI-based content recommendation engine to display articles and videos based on user profiles."[4]

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. Sarah Perez (August 19, 2018). "uses an AI-based content recommendation engine to display articles and videos based on user profiles". TechCrunch.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.