<p style="margin: 30.0px 0; font size: 16.0px; line height: 30.0px; color: # 666666;">On January 5, fiscal year GMV will be paid after purchase</p> <h2 style="margin: 30.0px 0; color: # 333333; font size: 20.0px; font weight: bold; line height: 30.0px;">Exceeding 100 billion yuan for the first time</h2> <p style="margin: 30.0px 0; font size: 16.0px; line height: 30.0px; color: # 666666;">This means that</p> <h2 style="margin: 30.0px 0; color: # 333333; font size: 20.0px; font weight: bold; line height: 30.0px;">1688 More and more buyers</h2> <h2 style="margin: 30.0px 0; color: # 333333; font size: 20.0px; font weight: bold; line height: 30.0px;">Demand is growing</h2> <h2 style="margin: 30.0px 0; color: # 333333; font size: 20.0px; font weight: bold; line height: 30.0px;">Consumption is getting fiercer and fiercer</h2> <h2 style="margin: 30.0px 0; color: # 333333; font size: 20.0px; font weight: bold; line height: 30.0px;">Drive businesses to double their business</ h2> <p style="margin: 30.0px 0; font size: 16.0px; line height: 30.0px; color: # 666666;">As of December 2023</p> <h1 style="color: #333333;font-size: 20.0px;font-weight: bold;line-height: 30.0px;"> <div style="width: 5.0px;height: 18.0px;background: #027cff;margin-right: 16.0px;position: ;top: 6.0px;float: left;"></div> <div>1688 The number of buyer members reached 200 million</div> </h1> <h1 style="color: #333333;font-size: 20.0px;font-weight: bold;line-height: 30.0px;"> <div style="width: 5.0px;height: 18.0px;background: #027cff;margin-right: 16.0px;position: ;top: 6.0px;float: left;"></div> <div>Category B buyers 65 million</div> </h1> <h1 style="color: #333333;font-size: 20.0px;font-weight: bold;line-height: 30.0px;"> <div style="width: 5.0px;height: 18.0px;background: #027cff;margin-right: 16.0px;position: ;top: 6.0px;float: left;"></div> <div>Annual transaction volume of 800 billion</div> </h1> <div style="margin-top: 30.0px;margin-bottom: 30.0px;"><div class="csbc-editor-banner-0-1-5"><div style="display: flex;flex-direction: column;align-items: flex-start;"><div style="position: ;display: block;max-width: 100.0%;"><img style="vertical-align: top;max-width: 100.0%;margin: auto;" src=" https://cbu01.alicdn.com/img/ibank/O1CN01fmNPH21PhskViNizv_ !! 2212140511873-0-cib.jpg"/></div></div></div></div> <p style="margin: 30.0px 0; font size: 16.0px; line height: 30.0px; color: # 666666;">Purchase first and pay later (formerly Chenge credit) is a 1688 service product that guarantees the accounting period transactions between buyers and sellers</ p> <p style="margin: 30.0px 0; font size: 16.0px; line height: 30.0px; color: # 666666;">It is difficult to collect money and there are many bad debts in front line transactions. Now, payment after purchase provides more transaction protection:</p> <div style="margin-top: 30.0px;margin-bottom: 30.0px;"><div class="csbc-editor-banner-0-1-5"><div style="display: flex;flex-direction: column;align-items: flex-start;"><div style="position: ;display: block;max-width: 100.0%;"><img style="vertical-align: top;max-width: 100.0%;margin: auto;" src=" https://cbu01.alicdn.com/img/ibank/O1CN01eZravG1PhskTRKa3U_ !! 2212140511873-0-cib.jpg"/></div></div></div></div> <p style="margin: 30.0px 0; font size: 16.0px; line height: 30.0px; color: # 666666;">Such a convenient and guaranteed payment period service has become a mainstream payment method, and numerous merchants have responded“ Really fragrant&rdquo</ p> <p style="margin: 30.0px 0; font size: 16.0px; line height: 30.0px; color: # 666666;"</p> <div style="margin-top: 30.0px;margin-bottom: 30.0px;"><div class="csbc-editor-banner-0-1-5"><div style="display: flex;flex-direction: column;align-items: flex-start;"><div style="position: ;display: block;max-width: 100.0%;"><img style="vertical-align: top;max-width: 100.0%;margin: auto;" src=" https://cbu01.alicdn.com/img/ibank/O1CN01UCZJlD1PhskXeJTK6_ !! 2212140511873-0-cib.jpg"/></div></div></div></div> <p style="margin: 30.0px 0; font size: 16.0px; line height: 30.0px; color: # 666666;">The offline business was burdened with collection. Later, in 1688, when the business was opened, purchase first and pay later, small orders became large orders, and also witnessed the birth of a purchase first and pay later million line user:</p> <div style="margin-top: 30.0px;margin-bottom: 30.0px;"><div class="csbc-editor-banner-0-1-5"><div style="display: flex;flex-direction: column;align-items: flex-start;"><div style="position: ;display: block;max-width: 100.0%;"><img style="vertical-align: top;max-width: 100.0%;margin: auto;" src=" https://cbu01.alicdn.com/img/ibank/O1CN015ZMIlg1PhskVmUDy1_ !! 2212140511873-0-cib.jpg"/></div></div></div></div> <p style="margin: 30.0px 0; font size: 16.0px; line height: 30.0px; color: # 666666;">This year, 1688 will be promoted" Credit is available for the whole venue", Further increase consumption and promote business growth</ p> <p style="margin: 30.0px 0; font size: 16.0px; line height: 30.0px; color: # 666666;">At the same time, in order to make business easier for merchants, in the business multiplication plan just released, we also introduced more financial assistance policies:</p> <div style="margin-top: 30.0px;margin-bottom: 30.0px;"><div class="csbc-editor-banner-0-1-5"><div style="display: flex;flex-direction: column;align-items: flex-start;"><div style="position: ;display: block;max-width: 100.0%;"><img style="vertical-align: top;max-width: 100.0%;margin: auto;" src=" https://cbu01.alicdn.com/img/ibank/O1CN01nqbAIa1PhskVmUE6h_ !! 2212140511873-0-cib.jpg"/></div></div></div></div> <p style="margin: 30.0px 0; font size: 16.0px; line height: 30.0px; color: # 666666;">Welcome to 1688</p> <p style="margin: 30.0px 0; font size: 16.0px; line height: 30.0px; color: # 666666;">We will continue to escort orders</p> <p style="margin: 30.0px 0; font size: 16.0px; line height: 30.0px; color: # 666666;">Help businesses multiply their business</ p>