Revenue Growth
Total revenues increased by 9% year-over-year to RMB 108.3 billion, driven by an increase in revenues from online marketing services and transaction services.
Agriculture Sales Growth
Agriculture sales grew by 47% year-over-year, with a notable increase in the number of agricultural merchants, especially those born in the 2000s, indicating growth in this sector.
Global Business Expansion
The company's global business now serves many markets and has received positive feedback, highlighting successful expansion efforts.
Significant Cash Flow
Net cash generated from operating activities was RMB 45.7 billion compared to RMB 27.5 billion in the same quarter last year.