Financial Performance Review

Communications & Social Networks Video Accounts - rapid user growth and strengthening ecosystem bode well for expanding monetisation Significant user engagement growth • Total time spent almost doubled YoY in 2Q23, driven by double-digit growth in DAU and much faster growth in per user time spent Strong growth in user interactions, such as likes and comments × Strengthening content ecosystem Expanding monetisation opportunities ● Daily active creators and daily video uploads sustained robust YoY growth in 2Q23 . Enhancing marketing tools that allow creators to boost content exposure, scaling their Video Accounts presence, while contributing to our ad revenue • Ad monetisation expanded significantly; in-feed ads still in its early innings • Cultivating high-margin new revenue stream in commissions; live-streaming eCommerce GMV increased by ~150% YoY in 2Q23 from low base 9

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