Alibaba invests $171M in publicly traded Qutoutiao in the form of a convertible loan which would convert into a 4% stake in the Chinese news content aggregator (Rita Liao/TechCrunch)
Alibaba invests $171M in publicly traded Qutoutiao in the form of a convertible loan which would convert into a 4% stake in the Chinese news content aggregator — The race to give Chinese users their daily dose of news intensifies as Qutoutiao, a rival to TikTok parent Bytedance, net an installment of sizable backing.
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Alibaba invests $171M in publicly traded Qutoutiao in the form of a convertible loan which would convert into a 4% stake in the Chinese news content aggregator (Rita Liao/TechCrunch)
![Alibaba invests $171M in publicly traded Qutoutiao in the form of a convertible loan which would convert into a 4% stake in the Chinese news content aggregator (Rita Liao/TechCrunch)]()
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March 29, 2019
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