Bilibili's strategy of combining community culture with long videos had some success in the past, but now it's facing financial pressures and the previous optimism has faded away. 😕 The aggressive acquisition of copyrights in the past helped the company grow, but it also brings challenges to their profit and loss statement, which they need to address.The market is becoming more risk-averse towards Bilibili, and the company should reflect on its past strategies and take practical actions to change market sentiment. 🤔 It's important for them to regain the trust and confidence of investors.
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