Main idea to everyone
Expected regulatory penalties will not have a significant impact on us. Everything is normal at the moment, and we are satisfied with the current platform economy model.
Future measures
(Decrease in revenue)
1. More actions will be taken to reduce merchants' operating costs.
2. More mature businesses will be transitioned to free of charge.
(Increase in costs)
3. Alibaba will increase investment to enhance merchant training.
4. The company has prepared tens of billions of funds to support new projects.
Regulatory actions underway
1. Investigating merger and acquisition transactions.
2. Focusing on data privacy and data protection issues.
Future financial reports
This fine will be reflected in this quarter's financial report.
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