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.

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