Thoughtful analysis Ivy. Agree that so far the restructuring hasn't delivered. That said, this is a strategy that will take some time to realize its potential. Yes, walking back the launch of the Cloud Division is a major setback and it seemed that this is what many focused on.
Thoughtful analysis Ivy. Agree that so far the restructuring hasn't delivered. That said, this is a strategy that will take some time to realize its potential. Yes, walking back the launch of the Cloud Division is a major setback and it seemed that this is what many focused on.
Agreed, it's the season of painful pivots. Cainiao is great but it seems that it has become the only hope for some good news.
Bytedance has recorded higher revenue than Tencent for the first time - which is interesting
Bytedance is closing in on Meta.