Tencent-backed Qutoutiao more than doubles in US trading debut

Pedestrians walk along an elevated walkway in the Lujiazui Financial District in Shanghai, China, on Monday, Sept. 4, 2017. Photographer: Bloomberg/Bloomberg

Qutoutiao Inc., the Chinese news and video aggregation app backed by Tencent Holdings Ltd., more than doubled in its U.S. trading debut after pricing its shares below range in a downsized IPO.

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