QTT - Qutoutiao's Reverse Share Split Spooks Wall Street
- It’s probably too early to say that just yet about China’s rapidly fading No. 2 news aggregator Qutoutiao Inc.
- While the company has been steadily shrinking in terms of market value this year, its current market cap of more than $100 million is still fairly large and should be sufficient for a continued listing.
- Founded in 2016 and listed since 2018, Qutoutiao was once a rising star in China’s news app scene, securing its place as a solid but distant second to ByteDance-owned industry giant Jinri Toutiao by focusing on consumers in China’s smaller cities.
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Qutoutiao's Reverse Share Split Spooks Wall Street