China’s king of titillating content Jinri Toutiao issues apology for providing what the people want

Meng JingandSarah Daiin Beijing
The 35-year-old Zhang Yiming is self-made billionaire with a net worth of US$4 billion, according to Forbes. Photo: Handout

Venture capital investors who called on Jinri Toutiao’s chief executive Zhang Yiming last year wanted to know why so much of the news aggregator’s content focused on societal ills, celebrity gossip and off-colour jokes.

“Every time we run internal tests the results show that viewership drops off precipitously when alternative content like international current affairs, science and technology is served up”, said Zhang, according to investors present at the meeting, speaking on condition their names not be revealed due to the confidential nature of the discussions.

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