Qutoutiao

Qutoutiao Inc. Announces Receipt of Nasdaq Notice

Retrieved on: 
Wednesday, September 28, 2022
COVID-19, Advertising, Company, Compliance, Calendar, Forward-looking statement, Terminology, Private Securities Litigation Reform Act, GLOBE, SEC, Midu, Auction, Audit, Nasdaq, Qutoutiao

The Nasdaq notification letter has no current effect on the listing or trading of the Companys ADSs on Nasdaq.

Key Points: 
  • The Nasdaq notification letter has no current effect on the listing or trading of the Companys ADSs on Nasdaq.
  • Pursuant to the Nasdaq Listing Rule 5810(c)(3)(A), the Company is provided with a compliance period of 180 calendar days, or until March 27, 2023, to regain compliance under the Nasdaq Listing Rules.
  • As previously announced, the Company also received a separate notice from Nasdaq, indicating the Companys deficiency in meeting the continued listing requirement of minimum Market Value of Publicly Held Shares ("MVPHS") of US$15,000,000, as set forth in the Nasdaq Listing Rule 5450(b)(2)(C).
  • Qutoutiao Inc. operates a mobile content platform in China with a mission to bring fun and value to its users.

Qutoutiao Inc. Announces Receipt of Nasdaq Notice

Retrieved on: 
Thursday, September 15, 2022
COVID-19, Advertising, Company, Business Development Company, Compliance, Calendar, Forward-looking statement, Terminology, Private Securities Litigation Reform Act, GLOBE, SEC, Midu, Public relations, Nasdaq, Qutoutiao

Pursuant to the Nasdaq Listing Rule 5810(c)(3)(D), the applicable grace period to regain compliance is 180 calendar days, or until March 13, 2023.

Key Points: 
  • Pursuant to the Nasdaq Listing Rule 5810(c)(3)(D), the applicable grace period to regain compliance is 180 calendar days, or until March 13, 2023.
  • The Company's management is looking into various options available to regain compliance and maintain its continued listing on The Nasdaq Global Select Market.
  • Alternatively, the Company may consider applying to transfer the Company's American depositary shares to The Nasdaq Capital Market, provided that the Company meets the continued listing requirements of The Nasdaq Capital Market.
  • Qutoutiao Inc. operates a mobile content platforms in China with a mission to bring fun and value to its users.

Qutoutiao Inc. to Report First Quarter 2020 Results on Thursday, June 4, 2020

Retrieved on: 
Friday, May 29, 2020
Qutoutiao

Qutoutiao Inc. operates innovative and fast-growing mobile content platforms in China with a mission to bring fun and value to its users.

Key Points: 
  • Qutoutiao Inc. operates innovative and fast-growing mobile content platforms in China with a mission to bring fun and value to its users.
  • Qutoutiao has attracted a large group of loyal users, many of whom are from lower-tier cities in China.
  • They enjoy Qutoutiaos fun and entertainment-oriented content as well as its social-based user loyalty program.
  • These forward-looking statements can be identified by terminology such as will, expects, anticipates, future, intends, plans, believes, estimates and similar statements.

Qutoutiao Announces Completion of $100 Million Financing for Midu

Retrieved on: 
Wednesday, October 16, 2019
Midu, Eric Tan, CMC, Qutoutiao, GlobeNewswire, Companies

SHANGHAI, Oct. 16, 2019 (GLOBE NEWSWIRE) -- Qutoutiao Inc. (Qutoutiao, the Company or We) (NASDAQ: QTT), a leading operator of mobile content platforms in China, today announced that its subsidiary holding the operations of Midu Novels and Midu Novels Lite (collectively, Midu), has completed Series B financing in the amount of USD100 million.

Key Points: 
  • SHANGHAI, Oct. 16, 2019 (GLOBE NEWSWIRE) -- Qutoutiao Inc. (Qutoutiao, the Company or We) (NASDAQ: QTT), a leading operator of mobile content platforms in China, today announced that its subsidiary holding the operations of Midu Novels and Midu Novels Lite (collectively, Midu), has completed Series B financing in the amount of USD100 million.
  • The financing round is led by CMC Capital (CMC) and followed by Qutoutiao.
  • Midu Novels has undertaken various product upgrades since July 16, and resumed regular content updates and commercial activities on October 16.
  • said Mr. Eric Siliang Tan, Chairman and CEO of Qutoutiao, Midu continues to play a crucial part in Qutoutiaos overall content platform strategy.