Why AI startups are selling the same equity at two different prices

· · 来源:tutorial资讯

Marketing spend stood out even more. From 2023 to 2024, marketing and advertising expenses increased from RMB 216 million to RMB 314 million, while promotion fees paid to one third-party platform rose from RMB 133 million to RMB 176 million. Customer acquisition costs kept climbing, indicating intensifying competition for traffic.

Nature, Published online: 25 February 2026; doi:10.1038/s41586-026-10175-6

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