Group 1: Company Performance and Strategy - The company is transitioning from a "full-domain e-commerce service provider" to an "expert + AI SaaS tool" model, focusing on AI-driven services [3] - In the first half of 2025, the company achieved a 20.7% reduction in total employees compared to the end of 2024, while the number of interns and fresh graduates increased by 36.1% [3] - The company reported a 15% year-on-year decrease in inventory, enhancing capital efficiency and risk resistance [4] Group 2: AI Integration and Business Growth - The company is leveraging AI capabilities to enhance operational decision-making efficiency and profitability across its main service modules [3] - New revenue streams have been opened through the commercialization of certain AI capabilities, such as the intelligent image generation tool [3] - The company aims to achieve a gross margin of 50% by implementing light-asset operations and AI e-commerce strategies [6] Group 3: Future Development Outlook - The company plans to deepen AI capabilities through collaboration with Alibaba and utilize major promotional events for data feeding and validation [5] - By 2026, the company expects to expand its service brand scale and drive growth in vertical AI businesses as SaaS service capabilities mature [5] - The company anticipates that revenue growth will primarily come from expanding its client base and enhancing cooperation with existing clients [6] Group 4: Investor Engagement and Feedback - Investors inquired about the specific directions of AI tool application and development, which include AI image generation, customer service, and promotion [5] - The company is exploring a dual revenue model: full-service fees and specific business charges like SaaS subscription fees [6] - The company is positioned as a key strategic partner for Alibaba, focusing on building a collaborative internet ecosystem [8]