Recently, some large internet platform companies have successively disclosed their performance for the third quarter. From the disclosed financial reports, it can be seen that the performance of internet platform enterprises continues to maintain rapid growth, attracting attention from all parties in the market. In the third quarter, Alibaba's revenue increased by 9% year-on-year and its profits increased by 34% year-on-year; JD Group's operating profit reached a historic high of 9.3 billion yuan; Tencent Holdings' revenue increased by 10% year-on-year; Baidu's net profit increased by 23% year-on-year... Large internet platform companies continue the momentum of the first half of this year, and their performance in the third quarter is still growing rapidly. Since the beginning of this year, the country has introduced a series of stable growth policies and measures, which have accelerated the pace of domestic economic recovery and also driven the sustained growth of the performance of internet platform enterprises. E-commerce platforms are a representative field among internet platforms. Ding Zhechuan, Chief Analyst of the Commercial Internet Industry at China Merchants Securities, said, "Currently, e-commerce channels have occupied a relatively high share in overall consumption, and the performance of e-commerce platform enterprises can to some extent reflect the recovery of economic fundamentals." According to data from the National Bureau of Statistics, in the first 10 months, the online retail sales of physical goods in China increased by 8.4% year-on-year, accounting for 26.7% of the total retail sales of consumer goods in society, Compared to the same period last year, the proportion increased by 0.5 percentage points. Ding Zhechuan believes that since the beginning of this year, the total transaction volume and overall revenue of major e-commerce platform enterprises have returned to a year-on-year positive growth. On the one hand, there is a sustained economic recovery and rapid logistics recovery. On the other hand, the e-commerce industry as a whole has improved the cost-effectiveness of online goods, increased user penetration and activity in the sinking market, and provided new impetus for the performance growth of e-commerce platform enterprises. The trend of pursuing better quality, higher cost-effectiveness, and more comprehensive services in online consumption is driving e-commerce platform enterprises to accelerate the adjustment of business strategies, pursue differentiated development, and seek more growth opportunities in the fierce market competition. In the third quarter report of the company, Xu Ran, CEO of JD Group, mentioned that JD Group's profit level in the third quarter reached a historic high, mainly due to the company's proactive efforts in price competitiveness and platform ecological construction, as well as supply chain advantages. Alibaba Group Chief Financial Officer Xu Hong revealed that the company is prioritizing investment in technology and innovation, which brings new growth to the group's business. Driven by the high-quality development of China's economy, internet platform enterprises have increased investment in artificial intelligence, innovative services, and other areas, creating new business increments for enterprises. Baidu's "ERNIE Bot", ByteDance "Skylark", Tencent's "Hunyuan" and other domestic large model products have been put into use. Enterprises such as Baidu, Tencent, and Alibaba have all made efforts in key business scenarios such as advertising and marketing, providing efficiency tools for advertisers and merchants. Emerging businesses such as video accounts and small games have contributed high profit margins to our revenue streams, "said Ma Huateng, Chairman and CEO of Tencent Holdings." We are increasing investment in artificial intelligence models, giving our products new features, and improving our ability to accurately recommend content and advertising. "The platform enterprise symposium held in mid July this year injected confidence and vitality into the healthy development of internet platform enterprises. Since the beginning of this year, multiple companies such as Alibaba and Vipshop have