Stronger by Paying Salaries and I Have 1 Billion Employees

”President Chang, before the red envelope promotion, the daily usage frequency was indeed three to four times per bike. However, the value of our red envelopes is quite high, which has significantly boosted user engagement.”

The director of the data department thought for a moment before giving a reply based on his experience.

It had to be said, his words made some sense.

As for data like the time of day orders were generated and their proportions, it was hard to notice anything unusual without specifically looking for it.

Although Chang Wei felt the cost was too high, he stopped worrying about it when he thought about market share.

The higher the market share, the higher the valuation.

He knew in his heart that every penny spent was valuable, and the investment firms would be there to foot the bill.

Little did he know that of that 8 million, over 6 million had been siphoned off by Gray Studios and wool-pullers.

Meanwhile, 24 hours after its launch, Douyin had accumulated 3.4 million registered users, but only 570,000 of them—less than 20%—had stayed on the app for more than 30 minutes.

To put it bluntly, data costs remained the biggest obstacle to the growth of short video.