The exploration of these new businesses is also through our differentiated supply chain advantages and capabilities to enhance the user experience as the core. In fact, these are all the natural eyes of our core business. Of course, in addition to the domestic market, internationalization has always been a key strategy in the Middle East. As I said at the beginning, we also hope to build a more efficient retail and logistics travel network that covers the world to bring extreme shopping experiences to global consumers. to become a global leading retailer. Of course, this is a long-term goal. So we believe that all of these, whether it's new business, new business model, or new technology applications, exploration and investment will further strengthen the experience of the supply chain advantage and improve the user experience to achieve long-term health growth.

Aug 14, 2025 / receipt, needs a key / Sandy, CEO | earnings call 2025-08-14 | transcript 5fcfc307-06a3-4dff-b0ff-9e7227b35b74 | chars 34627-35501 | segment 36