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Qutoutiao's free novel platform Midu raises USD 100 million in Series B amid suspension
The target is to maintain 10 million daily active users by the year's end.
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The firm serves clients including JD.com, Xiaohongshu and Plum, and predicts profitability by the end of the year.
The old cash-burning gamble does not always pay off.
The company attends 130,000 clinics based in rural areas of 11 provinces in China.
14 of 58 batches of these devices were found unqualified.
A cash-burning company's sad story.
The cloud-based video conferencing system developer is picking up new clients after Zoom was blocked in China.
Third-party services left users susceptible to fraudulent activity.
The new tea company is moving fast, following Luckin Coffee's example.