We obtain material through a license agreement with about 4,000 professional media sites, as well as from over two million freelancers registered on our platform. We have an online content upload system where content creators may prepare and post their work. The amount of fees paid to content providers is proportional to the number of views linked with that material.
A content provider that is new to our online content upload system is required to go through a registration and approval process. Each content provider is required to sign an agreement electronically in the registration process. The agreement provides, among other things, that (i) we are authorized to deliver content submitted by the content provider free of charge; (ii) the content provider acknowledges that it will not deliver illegal or inappropriate content through our platform; and (iii) we have the right to screen, sort and monitor content, and we may remove any illegal or inappropriate content without notifying the content provider. We have the right to freeze an account for any violations of the rules, such as plagiarism or submission of inappropriate content.
After its registration with us, a content provider can prepare and upload content electronically through the online content upload system. The system also allows each content provider to track its performance on a real time basis, including information such as the number of views, comments, shares and saves for its content.
Our mobile literature applications, Midu Novels and Midu Lite, primarily source content from traditional PC-based online literature platforms which grant us permits to publish their literature content on our platforms for a fee. We have also built an in-house editor team that works with authors directly, which combines human experiences with data analytics in guiding and producing quality literary works. We curate quality literature content that caters to our users? interests based on our analysis of users? profiles and their reading histories. As of December 31, 2020, we offer more than 188,000 pieces of literature on Midu Novels and Midu Lite.
Qutoutiao Inc's Comment on Supply Chain
We obtain material through a license agreement with about 4,000 professional media sites, as well as from over two million freelancers registered on our platform. We have an online content upload system where content creators may prepare and post their work. The amount of fees paid to content providers is proportional to the number of views linked with that material.
A content provider that is new to our online content upload system is required to go through a registration and approval process. Each content provider is required to sign an agreement electronically in the registration process. The agreement provides, among other things, that (i) we are authorized to deliver content submitted by the content provider free of charge; (ii) the content provider acknowledges that it will not deliver illegal or inappropriate content through our platform; and (iii) we have the right to screen, sort and monitor content, and we may remove any illegal or inappropriate content without notifying the content provider. We have the right to freeze an account for any violations of the rules, such as plagiarism or submission of inappropriate content.
After its registration with us, a content provider can prepare and upload content electronically through the online content upload system. The system also allows each content provider to track its performance on a real time basis, including information such as the number of views, comments, shares and saves for its content.
Our mobile literature applications, Midu Novels and Midu Lite, primarily source content from traditional PC-based online literature platforms which grant us permits to publish their literature content on our platforms for a fee. We have also built an in-house editor team that works with authors directly, which combines human experiences with data analytics in guiding and producing quality literary works. We curate quality literature content that caters to our users? interests based on our analysis of users? profiles and their reading histories. As of December 31, 2020, we offer more than 188,000 pieces of literature on Midu Novels and Midu Lite.
Sources:
Qutoutiao Inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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