There is a very interesting example, but unknown to western readers. It's called Bilibili. It's the largest video platform in China[0]. However, it keeps losin

There is a very interesting example, but unknown to western readers. It's called Bilibili. It's the largest video platform in China[0]. However, it keeps losing money since forever, including in last year, and is expected to keep losing more in 2023. [0]: Youtube is blocked in China and you need a VPN to access it there.