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Tencent-backed news app Qutoutiao nabs $171M from Alibaba


Qutoutiao
TikTok
Bytedance
Alibaba
Nasdaq
TechCrunch
Tencent
Bilibili
BilibiliAlibaba
Baidu
Jinri Toutiao
Facebook


Qutoutiao
Pinduoduo
Didi Chuxing
Douyin


Chinese
American

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Qutoutiao
Shanghai
China
Beijing
Alibaba
Bytedance
the United States

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Positivity     36.00%   
   Negativity   64.00%
The New York Times
SOURCE: https://techcrunch.com/2019/03/28/alibaba-qutoutiao/
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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