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China's Qutoutiao spending millions to take on TikTok parent
short by Arundhati Rawat / on 13 Mar 2019,Wednesday
Chinese mobile content aggregator Qutoutiao is spending millions of dollars to take on TikTok parent ByteDance. Qutoutiao recorded sales and marketing expenses of around $200 million in the fourth quarter of 2018, up nearly 463% from the same quarter in 2017. Its average monthly active users reached 93.8 million in the period, up 43.8% from the previous quarter.
short by Arundhati Rawat / 03:00 pm on 13 Mar
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