During the 2024 November 11 shopping festival-related event on Tmall, reporters learned from Alibaba Group that over the past year, Taobao's 88VIP membership has maintained double-digit growth, with an increase of 67% in post-00 users, and a membership scale exceeding 42 million. Taobao's live streaming QAC (quarterly active customers) increased by 56% year-on-year, with GMV growing by 25%. As of now, the number of active users receiving billion-yuan subsidies on Taobao this year has exceeded 0.5 billion, and the number of partner merchants has doubled. (Reporter: Gao Mengyang)