Tencent-backed news aggregation app Qutoutiao (趣头条), or “Fun Headlines,” is said to list in September in the US, according to sources quoted by Tencent Tech. Previous media reports put Qutoutiao’s IPO around mid-August. The Shanghai-based startup is seeking a valuation of $3 billion from the share sale, Bloomberg reported in March.

Qutoutiao didn’t confirm the claim, saying that they “have been open to all kinds of financing channels, including a listing of course, but the time can not be confirmed.”

Qutoutiao is notable for its connection to Tencent in recent legal battles with ByteDance, the parent company of China’s biggest news aggregator Jinri Toutiao. Qutoutiao announced a B-round financing deal in March led by Tencent which included Advantech Capital, Shunwei, and Xiaomi among others. The financing valued the company at more than $1.6 billion raising it to the status of a new content unicorn.

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Masha Borak

Masha Borak is a technology reporter based in Beijing. Write to her at masha.borak [at] technode.com. Pitches with the word "disruptive" will be ignored. Read a good book - learn some more adjectives.