其中，平台及营销服务收入第四季度同比增长15%，全年增长19%，广告收入每个季度均实现两位数增长。随着日百品类规模扩大，供应链采购成本进一步降低；全渠道布局让履约效率持续提升，库存周转天数保持行业领先，共同构筑起可持续的盈利基础。
The four-week timeline priced in by the market represents a critical threshold for the global economy. Struyven noted that the impact on oil prices is a “convex function” of the disruption’s length. If the conflict is brief—lasting only a few days or a week—the impact on prices will be disproportionately smaller. In a short-term scenario, crude oil can simply be stored on land in Middle Eastern producing countries, delaying deliveries but leaving the cumulative global supply unaffected—a workaround if Iran’s threats of shutting down the Strait stretch come to fruition.
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