Alibaba Group Holding Limited (NYSE:BABA) Q1 2024 Earnings Call Transcript

And as I said earlier, given the uncertainties and volatility that may lie ahead on the path to the future, it’s all the more important to be investing today and building our own capabilities. That’s why in the next three-year period, we’ll continue to invest resolutely in growing user scale and optimizing user experience in helping merchants grow their businesses and in improving our services that we provide to merchants. We have over two decades of strong experience and insight in the e-commerce space. And based on that, I have extremely strong confidence in our ability to continue to maintain our dual leadership position, leadership in terms of user scale and merchant scale going forward. The investments that we’re making today will certainly pay off in the future in terms of driving revenue and profit growth.

Rob Lin: Thank you, everyone, and that’s the end of our earnings call today. If you have any further questions, feel free to reach out to me and my team, and thank you. We’ll see you next quarter.

Operator: That does conclude our conference for today. Thank you for participating. You may now disconnect.