The surge in travel and offline entertainment during the very first Chinese New Year holiday of this year post-COVID also partially dilutes the online activities.

May 16, 2024 / CEO / receipt, needs a key / Mr. Gong, CEO | earnings call 2024-05-16 | transcript 3ee2fd44-a712-44e0-8ca9-54f6210e5ae7 | chars 5003-5165 | segment 5