CTI 75: The past, present, and future of Bytedance, with Zheping Huang (plus Kuaishou earnings)
China Tech Investor
00:00
The Quality Numbers Aren't Here Right Now
In the last 12 months, sales of marketing is 30 billion. R m b in 20 19, they only spent nine point eight billion. That's a pretty big jumpada kind of a pattern that i have in my head when looking at these numbers. I don't think, i wond how many kind of higher value products are being sold there. And it's really hard to see anyone getting in on their space. They can juice ad sales with a juiced marketing spend, et cetera, but are orred by discounting. The quality numbers don't seem to be here right now.
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