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Toutiao, a Chinese news app that’s making headlines

Toutiao, a Chinese news app that’s making headlines

Finance
WHEN rumours swirled in August that Baidu, a Chinese online-search giant, was buying Toutiao, the scrappy news-aggregation platform reportedly quipped in response that reports had mistaken the buyer for the seller. The firm is proud with good reason. Toutiao’s growth since its launch in 2012 has been stellar: it says it has already drawn 700m users to the personalised newsfeeds on its smartphone app. Its valuation has shot up, to $ 22bn in its latest funding round (see chart).Upgrade your inboxReceive our Daily Dispatch and Editors' Picks newsletters.Toutiao’s parent company, Bytedance, is definitely a buyer now. This month it snapped up Musical.ly, a lip-syncing video platform that has captivated American teens, for a reported $ 1bn. It looks like a good match. Musical.ly, based in Shangh
Zimbabwe awaits news on Mugabe's future

Zimbabwe awaits news on Mugabe's future

World
Media playback is unsupported on your deviceZimbabweans are waiting to see what steps the military will take next after seizing control of the country.President Robert Mugabe is said to be under house arrest but the whereabouts of his wife Grace, who was bidding to succeed him as president, are unknown.South African ministers have been in the capital Harare meeting the army and political parties.The Southern African Development Community (SADC) regional bloc will hold emergency talks on Thursday. President Mugabe, 93, has been in control of Zimbabwe since it gained independence from Britain in 1980.But the power struggle over who might succeed him, between Mrs Mugabe and her rival former vice-president Emmerson Mnangagwa, has split the ruling Zanu-PF party in recent months.Last week, Mr Mu...
Transfer news: Tottenham targeting move for Spanish starlet Mikel Oyarzabal

Transfer news: Tottenham targeting move for Spanish starlet Mikel Oyarzabal

Sports
Mikel Oyarzabal in action for Spain Under-21sMonday, November 13, 2017Tottenham are set to enter the race for highly-rated Spanish winger Mikel Oyarzabal, according to reports.The 20-year-old, who currently plays for Real Sociedad, has been in scintillating form in La Liga so far this season, having netted seven goals in 11 appearances in all competitions.This has led to speculation linking the Spaniard with a big-money move to the Premier League, with Spurs eyeing a potential January swoop.According to Calciomercato, Mauricio Pochettino will launch a January bid for Oyarzabal as the Argentinean seeks to add further attacking quality to his ranks.Sociedad are unwilling to part with their prized asset, meaning the north Londoners will most likely have to pay over the odds to secure the youn...
Manchester City news: A Premier League assessment after eleven games

Manchester City news: A Premier League assessment after eleven games

Sports
Things have gone swimmingly for Manchester City in the Premier League this season Thursday, November 9, 2017This season has seen City live up to the expectation of having Pep Guardiola as manager and some have even suggested they could go an entire season unbeaten in the league. League position: 1st (31 points)Best game: Manchester City 5-0 Liverpool Worst game: Manchester City 1-1 Everton Best player: Kevin De Bruyne The Belgian showed signs of brilliance last season, but De Bruyne has really taken his game to the next level this term. If he carries on like this it will be hard to look at anyone else as the Premier League's star man. ReportManchester City have been streets ahead of any other side and look unstoppable at present with t...
Facebook's fake news experiment backfires

Facebook's fake news experiment backfires

Technology
A Facebook test that promoted comments containing the word fake to the top of news feeds has been criticised by users.The trial, which Facebook says has now concluded, aimed to prioritise "comments that indicate disbelief".It meant feeds from the BBC, the Economist, the New York Times and the Guardian all began with a comment mentioning the word fake.The test, which was visible only to some users, left many frustrated.The comments appeared on a wide range of stories, from ones that could be fake to ones that were clearly legitimate. The remarks, which would appear at the top of the comments section, came from a variety of people but the one thing that they had in common was the word fake."Clearly Facebook is under enormous pressure to tackle the problem of fake news, but to question the ve...