Tencent-backed Personalized News Recommendation App Qutoutiao Files For $300M US IPO

Tencent-backed personalized news recommendation app Qutoutiao has filed for an initial public offering seeking to raise up to US$300 million in the US, according to its IPO prospectus. Qutoutiao, meaning "fun headlines" in Chinese, aggregates articles and short videos from professional media and freelancers and presents customized feeds to users. These feeds are optimized in real time based on each user’s profile, behavior and social relationships through its AI-powered content recommendation engine. In July, Qutoutiao’s daily average users(DAUs) reached about 48.8 million …

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