10 November 2025 | 7:21PM HKT Equity Research China Software: "Operational efficiency" analysis & observation; Enhancing employee productivity to drive margin improvement In this report, we review China software vendors' operational efficiency, productivity, and profitability. Key findings: (1) Employee productivity: Overall, the avg. headcount of software companies was down in 2021-24, while employee productivity improved on shifting focus to core and innovative businesses along with disciplined cost, (2) ...

Employees spend enormous amounts of time trying to intuit what the higher-ups want. Ambiguous instructions can cause chaos https://t.co/uf67sMrLBc ...