…China Short-Form Video Leaders = 100MM+ DAU… Massive Growth + High Engagement (50 Minute Daily Average) Douyin (Tik-Tok) Kuaishou AI-Augmented Mobile Video Creation De-Centralized / Personalized / / Personalized Feed Location-Based Mobile Video Discovery DAU = 95MM +78x Y/Y DAU = 104MM +2x Y/Y Daily Time Spent = 52 Minutes Daily Time Spent = 52 Minutes DAU / MAU Ratio = 57% DAU / MAU Ratio = 46% Source: QuestMobile (4/18). 247