Financial PerformanceNon-GAAP net profit increased by 126% YoY to RMB34.4bn, 14% ahead of consensus.
Market StrategyThe company is prepared to sacrifice short-term profitability to gradually raise market share by supporting high-quality merchants and improving the merchant ecosystem for long-term growth.
Overseas ExpansionOverseas expansion is a key growth driver with the launch of Temu in North America, leveraging social commerce expertise to attract price-sensitive consumers.