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Qutoutiao Inc. (China)

Main Activities: Publishing Industries (except Internet) | Radio and Television Broadcasting | Computer Systems Design and Related Services
Full name: Qutoutiao Inc. Profile Updated: July 06, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English & Chinese Download a sample report

The Company operates mobile content platforms for the distribution, consumption, and sharing of entertainment content in China.
The Group's eponymous mobile application, Qutoutiao, meaning “fun headlines” in Chinese, applies artificial intelligence-based algorithms to deliver customized feeds of articles and short videos to users based on their unique profiles, interests and behaviors. The Company has attracted a large group of users, many of whom are from lower-tier cities in China. The Company has only one operating segment and one reportable segment.
In February 2018, the Company acquired 100 equity interests of Dianguan, an advertising agent from its shareholder for a cash consideration of RMB15,000,000.
The Group launched its flagship mobile application, Qutoutiao, in June 2016, the Group's mobile literature application, Midu Novels, in May 2018, and Midu Lite, which combines a loyalty program with the standard offerings from Midu Novels, in May 2019. The Company primarily operate the Group's business through certain of the Group VIEs, Shanghai Jifen, Big Rhinoceros Horn and Anhui Zhangduan Internet Technology Co., Ltd., or Anhui Zhangduan, and their subsidiaries. To facilitate financing offshores, the Company incorporated Qtech Ltd. in July 2017. Through a series of transactions, Qtech Ltd. then became it ultimate holding company.
History
2018
On July 5, 2018, Qtech Ltd. was renamed to Qutoutiao Inc.
On September 14, 2018, it ADSs commenced trading on NASDAQ Global Select Market under the symbol “QTT.”
2023 The Company changes its trading symbol to QTTOY effective July 28, 2023.

Headquarters
Building No. 2 Shanghai Pudong Software Park, 519 Yi De Road, Pudong New Area
Shanghai; Shanghai; Postal Code: 200120

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Website: http://www.qutoutiao.net

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2016
Key Executives
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President
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Chief Executive Officer
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Chief Financial Officer
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Chief Technology Officer
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Chief Technology Officer
Ownership Details
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34%
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7.3%
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4.9%
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4.2%
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2.3%
Subsidiaries
Anhui Zhangduan Internet Technology Co., Ltd.
Beijing Churun Internet Technology Co., Ltd.
Beijing Qukandian Internet Technology Co., Ltd.
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency CNY. Absolute financial data is included in the purchased report.
Net sales revenue
-31.16%
Total operating revenue
-33.08%
Operating profit (EBIT)
98.94%
EBITDA
N/A
Net Profit (Loss) for the Period
79.74%
Total assets
-28.91%
Total equity
-9.65%
Operating Profit Margin (ROS)
36.53%
Net Profit Margin
59.6%
Return on Equity (ROE)
-20.77%
Debt to Equity Ratio
-0.76%
Quick Ratio
0.26%
Cash Ratio
0.05%

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