From January to early February of this year, overall sales of online physical goods remained weak, and our China commerce continued to be highly impacted due to COVID cases as well as people traveling home or to other places during the spring festival holidays.

Feb 23, 2023 / CEO / receipt, needs a key / Daniel Zhang, CEO | earnings call 2023-02-23 | transcript 50cd38e1-c623-4a09-a1d3-d9f9d17056e3 | chars 4343-4604 | segment 4