19: China’s $20 billion news app with Dannie Li
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This week Matt and John talk with Dannie Li, an analyst at China Tech Insights about Jinri Toutiao, a Chinese content aggregator recently valued at $20 billion, including: - Why Jinri Toutiao is so popular - How it is so sticky - Its business model and why its valuation is high - Why advertisers love it so much - Risks to the app and business model - Conflicts between Toutiao and content producers - Challenges as Toutiao expands inside and outside China