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QTT - 'Fun' Drops Out Of No. 2 News Aggregator Qutoutiao
Qutoutiao Inc.
Company, whose name means ‘fun headlines,’ discloses it may be unable to repay a $171 million loan coming due early next year.
Controlling cashflow will be crucial for Qutoutiao in coming months as it worries over its ability to repay a $171 million loan coming due early next year.
Company’s big user base in smaller Chinese cities could make it an attractive takeover target.