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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.

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Nov 16, 2023Liked by Ivy Yang

Bytedance has recorded higher revenue than Tencent for the first time - which is interesting

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