The increase was primarily due to, first, an increase in advertising expenses and promotional campaign related expenses. Second, an increase in commission expenses in relation to channel service fees. And third, an increase in office and the traveling related expenses.

Aug 23, 2023 / receipt, needs a key / Kerry Chen, CEO | earnings call 2023-08-23 | transcript fecb02a3-2220-40ae-9f43-26981c4f8f73 | chars 20522-20791 | segment 21

So increase was primarily due to the increase in marketing expenses and office related expenses mainly composed of traveling expenses in relation to business development as the COVID pandemic faded.

May 23, 2023 / receipt, needs a key / management, other | earnings call 2023-05-23 | transcript ddc632ba-87f6-4bbf-9a46-9bda1a05d224 | chars 22017-22215 | segment 22

But the pandemic is now... Many provinces in China have restrictions related to travel. We hope to be able to analyze the impact of the pandemic on our business. For example, in cities that are very affected, And then the second question is that I hope that the management can share more with us about the cooperation between Jindong and Queshou. We have just talked about the transfer of funds on Jindong and Queshou. We have also increased the investment on sales and the recovery channel on Queshou has also started. I have two questions in here. The first one is regarding COVID-related travel restrictions. we see that the third quarter guidance is still quite strong. But considering the COVID-related travel restrictions, I would wonder if the management could further help us to understand what kind of impact that would create on our business.

Aug 17, 2021 / receipt, needs a key / Lucy, other | earnings call 2021-08-17 | transcript d6b2de7a-e171-4eef-aa4b-54f133e80c5d | chars 22157-23009 | segment 22

We do not rule out the further impact of urban lockdowns or travel restrictions and its short-term or continuous impact on our 1P business.

Aug 17, 2021 / receipt, needs a key / Joyce, CFO | earnings call 2021-08-17 | transcript d6b2de7a-e171-4eef-aa4b-54f133e80c5d | chars 24660-24799 | segment 24