Yintai Investment Returns Good News, Interesting Headlines Shine on NASDAQ

On the evening of September 14th Beijing time, Qutiao, invested by Intime Group, was officially listed on NASDAQ with the stock code "QTT". At the close of trading in the early morning of September 15th Beijing time, Qutiao's per share price was $15.97, with a significant increase of 128% on the day, making it the "star" of the Nasdaq market that day. After the first day of trading, Qutiao's market value reached 4.6 billion US dollars, making it a true unicorn enterprise.

Qutiao's performance on the first day of listing was very impressive. The stock price soared all the way after opening, with four circuit breakers within half an hour. At one point, it rose more than 190% during trading, breaking through the $20 mark, nearly three times the issue price, and reaching a market value of nearly $6 billion.

The impressive performance of the capital market comes from the good performance of Qutiao.

In March of this year, Intime Group participated in Qutiao's Series B financing and made another additional investment in June. The current good performance of Qutiao in the capital market also demonstrates Yintai Group's investment vision.

In the investment field, Intime Group has invested in more than 80 companies in recent years, with a total investment amount of over 20 billion yuan, of which 15 companies have grown into "unicorns" with a valuation of over 1 billion US dollars.