BABA(US:BABA) Jin Rong Jie Zi Xun·2026-01-09 06:34Core Insights - The "2025 Xianyu Dimension Annual Report" reveals a significant growth in the platform's two-dimensional user base, surpassing 160 million users by the end of 2025, with a 47% year-on-year increase in annual two-dimensional consumers, establishing Xianyu as a primary platform for youth interest-based consumption [1] User Behavior - Two-dimensional users on Xianyu show peak purchasing activity after work hours and late at night, with many users placing orders as late as 11 PM. Additionally, users demonstrate a strong "recovery" ability, with an average annual sale of two-dimensional items generating 2,541 yuan and an average two-dimensional appreciation income of 282 yuan, creating a unique cycle of interest-based consumption [1] Market Trends - The report highlights the most active trading categories within the two-dimensional community, including trendy blind boxes, plush toys, and various merchandise, with trendy blind boxes experiencing a remarkable 250% increase in order volume year-on-year, indicating robust community engagement [1] Awards and Recognition - The first "Xianyu Dimension Annual Awards" showcased the evolving trends in the two-dimensional consumption market, with notable IPs like LABUBU and Nezha receiving accolades for their rapid order volume growth. The "Hottest IP Award" recognized top IPs such as LABUBU and the Time Youth Team, reflecting the highest trading popularity on the platform [2] User Engagement - Following the report's release, a wave of social media activity emerged, with users sharing their annual spending experiences, highlighting a willingness to invest significantly in their interests while also achieving asset appreciation through strategic purchases [4] Personalization Features - The report introduces personalized tags for users based on their consumption behavior, allowing them to connect with classic two-dimensional characters and share their identities within the community. Users can access their annual consumption history by searching for "Dimension Report" on Xianyu [6]