China's news app Qu Toutiao said to mull U.S. IPO at $3b valuation

China's news app Qu Toutiao said to mull U.S. IPO at $3b valuation

People use smartphones in Beijing, China, on Saturday, March 7, 2015. Photographer: Tomohiro Ohsumi/Bloomberg

Qu Toutiao, a Chinese news and video aggregation mobile app, is weighing a U.S. initial public offering, people with knowledge of the matter said.

The Shanghai-based startup, whose name means “Fun Headlines,” is considering seeking a valuation of as much as $3 billion from the share sale, according to the people. It may list as soon as this year, the people said, asking not to be identified because the information is private.

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