The MaaS business revenue of Volcano Engine, a cloud service platform owned by ByteDance, reached 4.8 billion yuan, with a gross margin of over 55%. This is also ByteDance's AI business with the largest revenue scale at present. At the beginning of this year, Volcano Engine's MaaS business was still pursuing higher token consumption; starting in the middle of the year, a new internal judgment on the industry was made, and the business focus was adjusted accordingly — commercialization was set as Volcano Engine's most important business indicator at the moment, and the original annual revenue target of 15 billion yuan was raised.

The MaaS business revenue of Volcano Engine, a cloud service platform owned by ByteDance, reached 4.8 billion yuan, with a gross margin of over 55%. This is also ByteDance's AI business with the largest revenue scale at present. At the beginning of this year, Volcano Engine's MaaS business was still pursuing higher token consumption; starting in the middle of the year, a new internal judgment on the industry was made, and the business focus was adjusted accordingly — commercialization was set as Volcano Engine's most important business indicator at the moment, and the original annual revenue target of 15 billion yuan was raised.