October 18th, an ordinary Friday.
Sina Weibo submitted its application for a US IPO, with plans to raise 500 million US Dollars.
Wealth Treasure partnered with Yintai Department Store to promote its offline payment services.
Toutiao CEO Liang Bo posted an update on his Toutiao account: "A journey through every hardship, honoring two years of effort.
Toutiao's user base has exceeded 300 million, with over 100 million daily active users.
To thank our loyal users, we will be launching Toutiao Express Edition on October 25th."
Toutiao Express Edition was an app incubated internally to differentiate advertising, content, and audiences. It was a rewards-based version of the news app where users could "read news, earn coins, and redeem cash," primarily targeting lower-tier markets.
Express Edition?
Faster?
Users were left confused. The information revealed by Liang Bo was extremely limited, and no one could figure out the real purpose behind launching Toutiao Express Edition.
