Core Insights - The idle economy is becoming a significant force in expanding consumption and supporting China's green economic transformation, with platforms like Xianyu leading the way in promoting green development and creating social value [1] Group 1: Online and Offline Model Innovation - Xianyu has introduced digital features such as dialogue trading and one-click selling to enhance the efficiency of idle resource disposal, overcoming traditional limitations in the second-hand market [2] - In 2023, China's online idle transaction volume exceeded 550 billion yuan, accounting for approximately 40% of the overall idle transaction market, indicating substantial room for growth in online penetration [2] - Xianyu plans to launch physical second-hand stores called "recycling shops" in 2024, providing a comprehensive range of idle consignment and shopping services to local users [2] Group 2: Accelerating AI Technology Innovation - New technologies like big data and artificial intelligence are transforming the idle economy, with Xianyu leveraging these technologies to enhance user trust and streamline transactions [3] - The platform has developed a credit scoring system called "Yuli Value" based on large models and big data, helping users assess the credit status of buyers and sellers [3] - Xianyu's AI products have reached over 30 million users, providing features like smart publishing and 24-hour intelligent management services for sellers [3] Group 3: Promoting Positive Consumption Cycles - Xianyu plays a crucial role in promoting positive consumption cycles, helping users convert idle goods into cash, which boosts consumer confidence in purchasing new products [4] - The platform's circular order volume increased by nearly 50% year-on-year, with over 100 million items listed for sale, demonstrating the growing engagement in the idle economy [4] - Xianyu is expanding its role as a platform for youth employment and entrepreneurship, with over 9.45 million young people utilizing their skills to create new job opportunities [4] Group 4: Social and Environmental Impact - From April 2024 to March 2025, Xianyu users are expected to reduce carbon emissions by 11.8 million tons through participation in transactions and recycling, equivalent to the annual carbon emissions of 7.4 million households [5] - The platform collaborates with various NGOs to create a transparent and participatory green charity mechanism, with funds raised supporting ecological protection and educational equity projects [5] - Xianyu aims to drive business innovation through technology while promoting value co-creation and community building in the digital economy [5]

Core Insights - The conference highlighted the innovative exploration of idle trading platforms in the era of large models, with a focus on the integration of AI technology in enhancing user experience and transaction efficiency [1][2]. Group 1: AI Integration and Impact - The AI products of the company have reached 30 million users, with 138 million items listed using AI, and the total GMV from smart management has exceeded 1.4 billion [1]. - The idle economy is increasingly important for promoting consumption cycles and green development, with AI technology acting as a catalyst for transforming production methods [2]. Group 2: Trust and Transaction Efficiency - The company has developed a self-researched credit scoring system, "Yuli Value," which helps users quickly establish trust, reducing the average time to find suitable trading partners by 13.66 minutes [4]. - AI-driven features such as "AI Publishing," "Smart Custody," and "AI Model Fitting" have improved transaction efficiency, with the daily sales rate of items increasing by 1.01% due to AI-generated listings [4]. Group 3: Future Development and Goals - The company aims to continuously integrate cutting-edge technologies to build more efficient platform tools, expand user base, and empower users, thereby facilitating high-quality development of the idle economy [5].

Core Insights - The fifth China New E-commerce Conference highlighted innovations in idle trading platforms in the era of large models, with Xianyu's CTO Chen Jufeng presenting significant advancements in AI applications [1][2] Group 1: AI Integration and User Impact - Xianyu's AI products currently cover 30 million users, with 138 million items listed using AI, and the cumulative GMV from smart custody transactions exceeding 1.4 billion [1][2] - The idle trading sector shows that a 1% increase in urban idle second-hand e-commerce transaction volume correlates with a 0.1% rise in local social retail sales [2] - Users on Xianyu have collectively reduced carbon emissions by 11.8 million tons over the past year, equivalent to the annual electricity consumption of 7.4 million households [2] Group 2: Enhancements in Trust and Efficiency - Xianyu has developed a self-researched credit scoring system called "Yuli Value," which helps users establish trust quickly, reducing the average time to find suitable trading partners by 13.66 minutes [4] - The introduction of the "AI Court" has enabled the platform to identify over 679,000 quality professional reviewers across 96 sectors, ensuring fair dispute resolution [4] - AI-driven features such as "AI Publishing," "Smart Custody," and "AI Model Fitting" have improved transaction efficiency, with AI-published items reaching 138 million and daily sales rates increasing by 1.01% [4] Group 3: Future Directions and Commitment - Xianyu aims to continuously integrate cutting-edge technologies and deepen the application of AI models within the e-commerce framework to enhance platform efficiency and user empowerment [5]