19: China's $20 billion news app with Dannie Li

This week Matt and John talk with Dannie Li, an analyst at China Tech Insights about Jinri Toutiao, a Chinese content aggregator recently valued at $20 billion, including:  Why Jinri Toutiao is so popular How it is so sticky Its business model and why its valuation is high Why advertisers love it so much Risks to the app and business model Conflicts between Toutiao and content producers Challenges as Toutiao expands inside and outside China