$Bilibili(BILI.US) Recently, people have started looking into Bilibili's fundamentals again. To be honest, the biggest change for this company now isn't how fast it's growing, but rather the significant reduction in losses and much tighter cost control compared to previous years. They've cut ineffective investments in content, tightened sales and administrative expenses, while advertising and value-added services are gradually gaining more share. Although user growth isn't explosive, at least it's moving towards the path of "being able to sustain itself."
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