Qutoutiao Inc. Files Annual Report on Form 20-F for Fiscal Year 2020

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, 2020, with the SEC on March 26, 2021. The report includes audited consolidated financial statements and is accessible through the Company's investor relations website and the SEC’s site. Qutoutiao operates mobile content platforms in China and aims to enhance user engagement through innovative applications like Qutoutiao and Midu. They continue to focus on growth in online content ecosystems and offer annual reports free of charge to shareholders upon request.

Positive

• Innovative user engagement through AI-based content algorithms.
• Midu has led the free online literature industry since 2018.

Negative

• None.

SHANGHAI, China, March 26, 2021 (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, 2020 with the Securities and Exchange Commission (the “SEC”) on March 26, 2021. 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 innovative and fast-growing mobile content platforms in China with a mission to bring fun and value to its users. The eponymous flagship 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 loyal 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 grown tremendously and has led 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 filing date of Qutoutiao's annual report?

Qutoutiao filed its annual report on Form 20-F on March 26, 2021.

Where can I access Qutoutiao's annual report?

The annual report can be accessed on Qutoutiao's investor relations website and the SEC's website.

What financial year does Qutoutiao's latest report cover?

The latest report covers the fiscal year that ended on December 31, 2020.

How can shareholders obtain Qutoutiao's annual report?

Shareholders can request a hard copy of the annual report, free of charge, from Qutoutiao's Investor Relations Department.