Tencent-backed news app Qutoutiao nabs $171M from Alibaba
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Summary
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. Alibaba is injecting $171 million in a convertible loan to Qutoutiao, the three-year-old news and vide?
As said here by Rita Liao