"I told you from the start, she's a natural traffic magnet."
Lu Liang watched with a smile as Wang Chuting interacted with her fans in the comments section on Douyin.
After more than a year of development, Kuai Shou still couldn't shake off its earthy vibes, whereas Douyin had only grown stronger.
By the end of last quarter, they had surpassed 450 million users, with a stable daily active user count of 122 million, and their valuation had skyrocketed to 8 billion US dollars.
They seemed invincible, not only sweeping away all competitors in the industry but also challenging the status of Shuangma Group.
Ever since the Saudi tycoons invested, Lu Liang's ownership stake had decreased from 9.25% to 8.325%, now valued at 666 million US dollars.
He had only made two investments, one of 2 million yuan and one of 10 million US dollars, which had already brought him more than a 66-fold increase.
