The final quarter of 2023 saw a moderate increase in total GAAP revenue for the group, reaching US$3.6 billion, which represents a 4.8% growth year-on-year. Despite this revenue growth, the group experienced a significant shift in profitability, with a total gross profit of US$1.5 billion, down from US$1.7 billion in the same quarter of the previous year. This decline in gross profit accompanies a notable swing from a net income of US$422.8 million in Q4 2022 to a net loss of US$111.6 million in Q4 2023. Additionally, the adjusted EBITDA decreased significantly to US$126.7 million from US$495.7 million year-on-year. However, the group's liquidity position improved, with cash, cash equivalents, and other treasury investments reaching US$8.5 billion by the end of December 2023, marking a net increase of US$565.7 million from the end of the previous quarter.