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]