Library

Communication Services

Qutoutiao (QTT US)

Year: 2019

Chinese mobile content provider Qutoutiao (QTT) listed on the NASDAQ in 2018. In December 2019, it was attacked by short-seller Wolfpack Research alleging fraud. The company denied the allegations. When Wolfpack's report was published, QTT's share price doubled. However, since then, financial performance has deteriorated and its shares have lost over 90% of their value. Auditors PwC signed off on the FY19 and FY20 financials meaning that the allegations are not proven. 

Last updated March 2022

The information on this page has been compiled from publicly available sources. GMT Research Limited has not verified the information and does not warrant its accuracy. Any claims made or views expressed are not necessarily those of GMT Research Limited.

lock03 Read More

Back