0000000000-21-001826.txt : 20210622 0000000000-21-001826.hdr.sgml : 20210622 20210212143009 ACCESSION NUMBER: 0000000000-21-001826 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20210212 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: Qutoutiao Inc. CENTRAL INDEX KEY: 0001733298 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370] IRS NUMBER: 000000000 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: BUILDING NO. 8, PUDONG SOFTWARE PARK STREET 2: 519 YI DE ROAD, PUDONG NEW AREA CITY: SHANGHAI STATE: F4 ZIP: 200124 BUSINESS PHONE: 86-21-6858-3790 MAIL ADDRESS: STREET 1: BUILDING NO. 8, PUDONG SOFTWARE PARK STREET 2: 519 YI DE ROAD, PUDONG NEW AREA CITY: SHANGHAI STATE: F4 ZIP: 200124 FORMER COMPANY: FORMER CONFORMED NAME: Qtech Ltd. 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end TEXT-EXTRACT 2 filename2.txt United States securities and exchange commission logo February 12, 2021 Eric Siliang Tan Chief Executive Officer Qutoutiao Inc. 11/F, Block 3, XingChuang Technology Center 5005 Shen Jiang Road, Pudong New Area Shanghai 200120 People s Republic of China Re: Qutoutiao Inc. Form 20-F for the Fiscal Year Ended December 31, 2019 File No. 001-38644 Dear Mr. Tan: We have reviewed your December 28, 2020 response to our comment letter and have the following comment. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this comment within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this comment, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our December 11, 2020 letter. Form 20-F for the Fiscal Year Ended December 31, 2019 Consolidated Financial Statements Note 21. Related Party transactions, page F-59 1. In order to help us better understand your responses to prior comment 3, please clarify why the related party receivable balance as of September 30, 2020 appears to be greater than the amount of related party revenue recognized during the nine months ending September 30, 2020. Indicate whether collections have been made in accordance with the payment terms. Further, tell us the amount of cash collections received on revenue recognized during the year 2020 and their payment terms. You state in your August 10, 2020 response letter that "As of December 31, 2019, the amounts due from the related parties was RMB278.2 million and as of June 30, 2020, RMB120.0 million of these Eric Siliang Tan Qutoutiao Inc. February 12, 2021 Page 2 receivables balance has been collected". Please update this statement to indicate whether that balance was fully collected as of December 31, 2020. Please indicate whether the controlled companies financial condition and their ability to repay their debt has changed as a result of the impact of COVID-19 on their respective businesses and underlying customers. Describe how you concluded that the collectability of the consideration is probable for revenue recognized during the year ended December 31, 2020. We refer you ASC 606-10-25-1(e). Confirm that settlement of the outstanding receivable balances is in the form of cash and tell us whether your related party receivable balance has been offset with costs charged from related parties. In addition, please provide us with an aging analysis of your accounts receivables and amounts due from related parties as of September 30, 2020. You may contact Morgan Youngwood, Staff Accountant at 202-551-3479 or Stephen Krikorian, Accounting Branch Chief at 202-551-3488 if you have questions regarding comments on the financial statements and related matters. FirstName LastNameEric Siliang Tan Sincerely, Comapany NameQutoutiao Inc. Division of Corporation Finance February 12, 2021 Page 2 Office of Technology FirstName LastName