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in which layer of that full stack ecosystem, do you think value will accrete and monetization will be concentrated
You previously said that we were in a 3-year investment cycle for E-commerce
as the efficiency is optimized and we obtain cost savings what are we going to do with those cost savings?
if you could tell us simply what's different this time? And what are the different tactics that we're taking?
what is the objective, the goal in terms of monetization
to what extent is the compute power for large-language model or GenAI is not a commodity?
We know that there's been a relatively sharp decline in the growth rate of live streaming e-commerce recently.