China’s ‘Fun Headlines’ App Considers IPO at $3 Billion Value

Qu Toutiao, a Chinese news and video aggregation mobile app, is weighing a U.S. initial public offering, people with knowledge of the matter said.

The Shanghai-based startup, whose name means “Fun Headlines,” is considering seeking a valuation of as much as $3 billion from the share sale, according to the people. It may list as soon as this year, they said, asking not to be identified because the information is private.