The story behind Toutiao, the $20 billion news aggregator app
https://d3.harvard.edu/platform-digit/submission/the-story-behind-toutiao-the-20-billion-news-aggregator-app/
WEBApr 9, 2018 · Toutiao, a wildly popular news reader app in China, has recently reached a valuation of $20 billion in last round of $2 billion fundraising. Started by a former software engineer Yiming Zhang in 2012, Toutiao experienced exponential growth for the past five years and rode on the waves of mobile internet to gain millions of Chinese users hungry ...
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