Qutoutiao Lands $117M Loan From Alibaba
On Our Radar: Deals we are paying attention to for their impact on industry. Qutoutiao Inc., a Chinese mobile content aggregator, landed a $117 million loan, fully convertible, from the international conglomerate Alibaba on March 29. The loan will net Alibaba some 4% ownership in Qutoutiao. Details of the convertible loan agreement are available in Qutoutiao’s Securities […]