The personalised news aggregator has raised more than $100m in a Tencent-led round that could reportedly precede an initial public offering.
China-based news aggregation app developer Qu Toutiao has secured more than $100m in a funding round led by internet group Tencent, 36kr reported today.
Founded in 2016, Qu Toutiao has created a news aggregation app that sources stories from a large range of news partners and personalises a user’s news feed to cater to their individual interests.
The company’s largest rival is the similarly named Toutiao, which was valued at $11bn as of April 2017, though sources have told…
