Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizens for the clues of sharing! CTOnews.com November 23 news, yesterday, some netizens reflected the closure of a large number of second-hand trading platform Xianyu, and then this topic also went on the hot search.

In response, Xianyu officially responded to Orange Persimmon Interactive that: Xianyu recently upgraded his governance plan, and Xianyu will make a comprehensive judgment according to the account registration requirements and other factors such as historical stock zombie numbers. if it is suspected to be a risk account, it will be punished to varying degrees according to the situation to protect the rights and interests of consumers in advance.

CTOnews.com previously reported that Alibaba Group released its financial results for the second quarter of fiscal year 2024 last week. During the earnings call, Alibaba CEO Wu Yongming announced the first batch of strategic innovation business-- the "four Little Dragons", which are 1688, Xianyu, nails and quarks respectively.

In September, quark DAU increased by 35% year-on-year, and Xianyu DAU increased by 20% year-on-year. Data released in May this year show that the number of Xianyu users has exceeded 500 million, of which post-95 users account for 43% and 22% of them.

Related readings:

"Alibaba's revenue in the second quarter of fiscal 2024 was 224.79 billion yuan, an increase of 9 percent over the same period last year."

"Alibaba's 1688, Xianyu, Nail and Quark will operate as independent subsidiaries in the future."

Xianyu: the number of users exceeded 500 million, accounting for more than 40% after 1995.

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