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Qu Toutiao, a Chinese news and video aggregation mobile app, is weighing a U.S. initial public offering, people with knowledge of the matter said.
The Shanghai-based startup, whose name means “Fun Headlines,” is considering seeking a valuation of as much as $3 billion from the share sale, according to the people. It may list as soon as this year, they said, asking not to be identified because the information is private.