Preparing to increase my position in Tuanzi tomorrow. After looking at Baba's financial report, the so-called synergy effect has been debunked; the users brought in by flash sales cannot be converted into e-commerce customers that generate revenue. Baba loses 3 yuan per order, and Tuanzi loses 1.5 yuan per order. If this continues for a few more months, it will be over. Although this was something we could have predicted with high probability, the financial report allows us to verify our judgment, making it easier to adjust our positions on the right side. Synergy, synergy. When I was doing CVC before, I was severely harmed by these two words; 99% of the business had no synergy.