Cost of Revenues

2017

Cost of Revenues

2018

2019

2020

Revenue-sharing costs

926,315

Revenue-sharing costs

1,630,881

2,494, 416

4,366,490

48.3%

49.8%

44.6%

47.7%

Content costs

261,534

Content costs

543,009

1,001,600

1,875,546

13.6%

16.6%

17.9%

20.5%

Server and bandwidth costs

468,903

Server and bandwidth costs

618,737

919,753

1,141,257

24.4%

18.9%

16.5%

12.5%

Staff costs

128,268

E-commerce and others

480,866

1,171,904

1,775,507

6.7%

14.7%

21.0%

19.3%