Sentiment Analysis of the earnings transcript to help figure out if there are any bullish or bearish sentiments that could be gathered from it. We're doing ML and AI based analysis on the earnings call to get some more insights.
Please consider a small donation if you think this website provides you with relevant information
| Statement |
|---|
| And by doing so, we hope we can create greater value for our society |
| After a year of execution, we are delighted to see the positive changes brought about by our high-quality development strategy |
| During the Singles Day last year, we helped our merchants sell more and our user SaveMor [ph], our flash cell channel acted as a growth engine for over 100,000 SME merchants |
| We carry out product screening and merchant review on issues such as ship guarding minus, IP protection and product compliance and achieved favorable outcome |
| And in this favorable consumption environment, we will continue our investment to enhance our service capabilities, collaborate with more merchants to serve our consumers well and also improve the platform ecosystem |
| And during Singles Day, over 620 million consumers benefited from RMB10 billion program with order volume more than doubled |
| In 2023, amid a positive consumer sentiment, our platform saw a healthy resurgence |
| Over the past year, we have built good momentum on our high-quality development strategy and we are confident in the overall strategic interaction |
| And while we are very pleased to see the results from our shopping festivals, our team actually chooses to pay more attention to the ongoing improvement in our platform's capabilities and how we can better meet consumers' demand for quality products at attractive prices all year round |
| As a result of these efforts, we have seen sustained growth in consumer engagement in our platform throughout the fourth quarter |
| In 2024, we will continue to ramp up our support for high-quality supply and enhance our ability to deliver good value and excellent service |
| And this also offers further opportunities for our platform |
| By patiently given back to the consumers reserve, we gradually earn a positive user mindshare |
| We believe it's the result of our growing capabilities in offering more savings and better services |
| These initiatives allow consumers to improve their quality of life with ease and grid savings, making it easier for our consumers to achieve high-quality consumption |
| After dedicated [ph] execution, we have seen positive outcomes on the construction side, supply side and within our platform ecosystem |
| We have confidence in the unique value of our platform and welcome like many partners to join us in creating more value for consumers globally |
| And thirdly, we see tremendous potential in a large number of quality national brands and agricultural products |
| And as a result, we will be able to offer more visibility and sales opportunities for quality merchants, thereby strengthening the positive feedback on our platform |
| And first of all, consumers have desired for a better life which lays a solid foundation for consumption growth |
| 2024 will be a year of consumption promotion guided by the principle of Consumer First, we will continue to improve the variety of products and services offered on our platform, being our value for money mind share, upgrade our shopping experience and enhance user activity |
| And also from the activities we see on our platform, we clearly feel the improving consumer sentiment and we look forward to seeing that trend continue into this year with the support of more macro policies |
| Throughout this journey, our team has experienced remarkable growth and development and we have seen ambitious young leaders emerge ready to take on greater responsibilities |
| Our companies drive on creativity and energy of the younger generation, giving us the confidence to create unique value for our growing consumer base |
| In the past year, we actually clearly felt that depth with and also the resilience of the China consumer market and we are very confident in its future |
| We achieved decent growth in 2023 which we believe is the combined result of our effective promotional activities and the overall recovery of consumption |
| Can management share your view of how we should think about the margin in 2024 and going forward? And meanwhile, on shareholder return, we saw that you have a very strong balance sheet and then cash flow given peers have announced large increase in share buyback and dividends |
| And by the end of the event, more than 40 product categories, solid sales doubled |
| This very encouraging trend strengthens our confidence in the overall direction of the high-quality development strategy |
| This investment have yielded favorable initial returns |
| Statement |
|---|
| Looking ahead, while we are excited about the new journey, there are challenges and uncertainties along the way |
| Our financial results may continue to fluctuate and past performance may not serve as a benchmark for future quarters |
| And our business execution cycle is affected by various factors and may not align with our financial reporting cycle |
| To address these uncertainties, we must constantly improve ourselves with a genuine desire to learn from consumers in the market, we're actively seek more innovations in technology and operation models to increase market competition and overcome challenges |
| Currently, the business view at a relatively early stage, taking many uncertainties and challenges ahead |
| As I mentioned earlier, despite shifts in the market environment and competitive landscape, consumers demand for more savings and better services is universal |
| And competition is inevitable in our industry |
| And by doing so, we create a virtuous cycle |
| Our support for a new generation of farmers and merchants skilled in both agriculture and e-commerce is unwavering |
Please consider a small donation if you think this website provides you with relevant information