Qutoutiao Inc. Files Annual Report on Form 20-F for Fiscal Year 2021

Rhea-AI Summary

Qutoutiao Inc. (NASDAQ: QTT) announced the filing of its annual report on Form 20-F for the fiscal year ending December 31, 2021, with the SEC on May 2, 2022. The report includes audited consolidated financial statements, which shareholders can request at no charge from the company's investor relations. Qutoutiao operates a mobile content platform in China, delivering personalized content through AI algorithms. Its main app offers users engaging content, focusing on those from lower-tier cities, while also maintaining a strong position in the free online literature sector.

Positive

• Access to audited financial statements via annual report filing.
• Growing user base from lower-tier cities indicates potential market expansion.
• Strong market position in free online literature through Midu platform.

Negative

• None.

SHANGHAI, China, May 02, 2022 (GLOBE NEWSWIRE) -- Qutoutiao Inc. (“Qutoutiao”, the “Company” or “We”) (NASDAQ: QTT), a leading operator of mobile content platforms in China, today announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2021 with the Securities and Exchange Commission (the “SEC”) on May 2, 2022. The annual report can be accessed on the Company's investor relations website at https://ir.qutoutiao.net and on the SEC’s website at https://www.sec.gov. 

The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to Investor Relations Department, Qutoutiao Inc., Building No. 8, Shanghai Pudong Software Park, 519 Yi De Road, Pudong New Area, Shanghai 200124, People’s Republic of China.

About Qutoutiao Inc.

Qutoutiao Inc. operates a mobile content platform in China with a mission to bring fun and value to its users. The eponymous mobile application, Qutoutiao, meaning “fun headlines” in Chinese, applies artificial intelligence-based algorithms to deliver customized feeds of articles and short videos to users based on their unique profiles, interests and behaviors. Qutoutiao has attracted a large group of users, many of whom are from lower-tier cities in China. They enjoy Qutoutiao’s fun and entertainment-oriented content as well as its social-based user loyalty program. Midu, first launched in May 2018 as Midu Novels and with an alternative version Midu Lite launched one year later, pioneered provision of free online literature supported by advertising. It has been one of the market leaders of the free online literature industry since inception. The Company will continue to bring more exciting products to users through innovation, and strive towards creating a leading global online content ecosystem.

For more information, please visit: https://ir.qutoutiao.net.

For investor and media inquiries, please contact:

In China:

Qutoutiao Inc.
Investor Relations
Tel: +86-21-5889-0398
E-mail: ir@qutoutiao.net

FAQ

What is the significance of Qutoutiao's annual report filing on May 2, 2022?

The filing of the annual report on Form 20-F is crucial as it includes audited financial statements, providing transparency to shareholders and investors.

How can shareholders access Qutoutiao’s annual report?

Shareholders can request a hard copy of the annual report, which includes audited financial statements, free of charge from the Investor Relations Department.

What growth potential does Qutoutiao have in its market?

Qutoutiao is expanding its user base, particularly in lower-tier cities in China, indicating strong growth potential in the mobile content sector.

What platforms does Qutoutiao operate?

Qutoutiao operates a mobile content platform that includes the Qutoutiao app and the Midu platform for online literature.