Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
CFD
U.S. stock CFD derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Korean Stocks
Real Korean stocks and top assets
Stock Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD
Mint GUSD for Treasury RWA yields
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
IPO Access
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
Seeing the stock price of Zhipu, I feel that the best monetization path for Doubao is to spin off and go public.
Doubao is actually the most "anti-Byte" product; in the past, ByteDance used the weapon of free content to defeat countless competitors:
Tomato Novel is free, beating Qidian.
Hongguo Short Films are free, beating iQiyi.
Soda Music is free, beating music platforms.
But in the AI era, free suddenly became ByteDance's biggest enemy. Doubao has already reached over 300 million monthly active users, with daily active users exceeding 120k, but it is almost unprofitable.
And for Doubao, ByteDance has already purchased nearly 120k NVIDIA cards (A100, A800, H800), as well as a large number of domestic AI chips, along with various supporting infrastructure.
ByteDance's capital expenditure plan for this year exceeds 200 billion yuan, accounting for about 60% of its projected profit in 2025.