NEW YORK -- Like many Chinese initial public offerings before it, news aggregation service Qutoutiao had a strong debut when it hit the market last month. Rather than list in Shanghai or Hong Kong, however, it opted for the Nasdaq -- even though most U.S. investors would have a hard time pronouncing its name and few have ever encountered its app.
Markets
China tech companies still favor New York over local bourses
Looser listing rules in Hong Kong and mainland have limited impact
Top executives of Chinese news aggregation service Qutoutiao celebrate on Sept. 14 as the company’s stock makes a quick splash on the Nasdaq.
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