Tencent-backed news app Qutoutiao files for $300 million IPO
Shanghai based news aggregator app backed by Tencent, Qutoutiao has filed for an initial public offering of up to $300 million in the United States. The app, whose name means 'fun headlines', reportedly reached unicorn status in March, when it raised $200 million in Series B funding led by Tencent. Launched in 2016, the app serves entertainment as main content.