Tencent-backed Qutoutiao to raise up to $45m via public offering

Tencent-backed Qutoutiao to raise up to $45m via public offering

Photographer: Victor J. Blue/Bloomberg

Chinese news and video aggregation app Qutoutiao is looking to raise up to $45 million by selling about 3.3 million American Depository Shares ADS in a public offering at $10 per share, it said in an announcement on Wednesday.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter