Tencent leads $200m round for China’s Qutoutiao
Tencent Holdings has led a Series B round worth more than $200 million for Qutoutiao, a Chinese mobile news reading app. The round gives the company a post-money valuation of $1.6 billion.
Shunwei Capital, Chinese smart phone maker Xiaomi, Advantech Capital, China InnoVision Capital, Shanghai Chuangban Investment Management, and Lighthouse Capital Group also took part. Qutoutiao, which...
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