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8\u24180?\u-25896?\u31649?\u32463?\u-25972?\u-244?\u22521?\u-29779?\u32463?\u-25972?\u-29307?\u-28729?10\u24180?\u-244?\u31215?\u32047?\u20102?\u-29307?\u-28729?20\u20010?\u28145?\u24230?\u30340?\u-29208?\u-30644?\u19994?\u12289?\u-29208?\u20225?\u19994?\u-27082?\u27573?\u30340?\u21830?\u19994?\u21464?\u-26775?\u26696?\u20363?\par\pard\plain\s0\fi400\li0\ri0\sb80\sl300\plain\f0\fs22 \u-32386?\u-29777?\u12289?\u32654?\u22242?\u-25896?\u32423?\u-29774?\u24072?\u-244?\u24180?\u24230?\u21313?\u20339?\u-29774?\u24072?\par\pard\plain\s0\fi400\li0\ri0\sb80\sl300\plain\f0\fs22 \u20013?\u27431?\u22269?\u-27067?\u21830?\u23398?\u-27038?EMBA\par\pard\plain\s0\fi400\li0\ri0\sb80\sl300\plain\f0\fs22 \u12304?\u20010?\u20154?\u31616?\u20171?\u12305?\par\pard\plain\s0\fi400\li0\ri0\sb80\sl300\plain\f0\fs22 \u-25777?\u26041?\u32716?\u-32767?\u24072?\u25317?\u26377?17\u30340?\u32452?\u32455?\u21464?\u-26775?\u19982?\u-26490?\u23548?\u21147?\u25552?\u21319?\u23454?\u25112?\u32463?\u-25972?\u-244?\u26366?\u24102?\u-26490?\u23453?\u27905?\u12289?\u-32386?\u-29777?\u12289?\u32654?\u22242?\u31561?\u20844?\u21496?\u22810?\u20010?\u19994?\u21153?\u27169?\u22359?\u25104?\u21151?\u23436?\u25104?\u21464?\u-26775?\u21319?\u32423?\u-244?\u25285?\u20219?47\u20301?\u31649?\u29702?\u-32763?\u30340?\u-26490?\u23548?\u21147?\u25945?\u32451?\u12290?\u31215?\u32047?\u20102?\u20016?\u21402?\u30340?\u26696?\u20363?\u12289?\u26041?\u27861?\u12289?\u24037?\u20855?\u-244?\u23545?\u20225?\u19994?\u32452?\u32455?\u21464?\u-26775?\u21644?\u26680?\u24515?\u29677?\u23376?\u24314?\u-29762?\u26377?\u28145?\u20837?\u30340?\u24515?\u24471?\u12290?\u25797?\u-27265?\u-27512?\u23545?\u19981?\u21516?\u-27082?\u27573?\u12289?\u19981?\u21516?\u-30644?\u19994?\u30340?\u32452?\u32455?\u8220?\u-28209?\u20307?\u-30527?\u-30621?\u8221?\u-244?\u21046?\u-29790?\u32452?\u32455?\u21464?\u-26775?\u26041?\u26696?\u-244?\u25552?\u21319?\u25972?\u20307?\u30340?\u-26490?\u23548?\u21147?\u27700?\u24179?\u-244?\u24110?\u21161?\u20225?\u19994?\u-26502?\u21033?\u-27082?\u27573?\u-29245?\u-28735?\u12290?\par\pard\plain\s0\fi400\li0\ri0\sb80\sl300\plain\f0\fs22 2005\u24180?-2010\u24180?\u-244?\u22312?\u23453?\u27905?\u22823?\u20013?\u21326?\u21306?\u25285?\u20219?\u20154?\u21147?\u-29372?\u28304?\u32463?\u29702?\par\pard\plain\s0\fi400\li0\ri0\sb80\sl300\plain\f0\fs22 2008\u24180?\u-244?\u-25777?\u-32767?\u24072?\u25805?\u30424?\u23453?\u27905?\u22823?\u20013?\u21326?\u26412?\u22320?\u21270?\u-31707?\u-27392?\u32452?\u32455?\u21464?\u-26775?\u-244?\u25645?\u26723?\u24635?\u32463?\u29702?\u20174?0\u21040?1\u32452?\u24314?\u22823?\u20013?\u21326?\u21306?\u21697?\u29260?\u-28720?\u-31707?\u-28440?\u12290?\u21464?\u-26775?\u25928?\u26524?\u26174?\u-31657?\u25104?\u20026?\u20840?\u29699?\u26631?\u26438?\u12290?\u19968?\u24180?\u20869?\u-244?\u23454?\u29616?\u-29208?\u21697?\u29260?/\u21697?\u31867?\u-32684?\u21160?\u-27392?\u21806?\u-26467?\u22686?\u28072?13.3%\u-244?\u29992?\u25143?ARPU\u22686?\u-27265?9.1%\u12290?\u-29208?\u21697?\u29260?\u-27160?\u24215?\u29289?\u26009?\u22797?\u29992?\u31561?\u-27059?\u20302?\u25104?\u26412?\u-28738?\u21040?37.9%\u12290?\par\pard\plain\s0\fi400\li0\ri0\sb80\sl300\plain\f0\fs22 2010\u24180?-2016\u24180?\u-244?\u22312?\u-32386?\u-29777?\u25285?\u20219?\u20154?\u21147?\u-29372?\u28304?\u21103?\u24635?\u30417?\par\pard\plain\s0\fi400\li0\ri0\sb80\sl300\plain\f0\fs22 2012\u24180?\u-244?\u-25777?\u-32767?\u24072?\u25805?\u30424?\u-32386?\u-29777?\u30005?\u21830?\u20840?\u-29372?\u25910?\u-29395?\u26131?\u-29777?\u-26503?\u30446?\u12289?\u20140?\u19996?\u25910?\u-29395?\u-32386?\u-29777?\u30005?\u21830?\u-26503?\u30446?\u12290?\u20197?\u26131?\u-29777?\u25910?\u-29395?\u21518?\u-30835?\u21512?\u20026?\u20363?\u-244?\u21592?\u24037?\u-26502?\u21033?\u-28729?\u28193?\u-244?\u26080?\u-28211?\u22823?\u20210?\u-30527?\u20107?\u20214?\u-229?\u26680?\u24515?\u20154?\u25165?\u24180?\u31163?\u-32692?\u29575?\u20302?\u20110?15%\u-229?\u25910?\u-29395?\u21518?\u19994?\u32489?\u24555?\u-28641?\u29228?\u21319?\u-244?\u22836?12\u20010?\u26376?GMV\u22686?\u-27265?96%\u12290?\par\pard\plain\s0\fi400\li0\ri0\sb80\sl300\plain\f0\fs22 2016\u24180?-2022\u24180?\u-244?\u22312?\u32654?\u22242?\u25285?\u20219?\u20154?\u21147?\u-29372?\u28304?\u24635?\u30417?\par\pard\plain\s0\fi400\li0\ri0\sb80\sl300\plain\f0\fs22 2016\u24180?\u-244?\u-25777?\u-32767?\u24072?\u25805?\u30424?\u32654?\u22242?\u19978?\u24066?\u21069?\u32452?\u32455?\u21464?\u-26775?\u-244?\u25512?\u21160?Food+Platform\u32452?\u32455?\u26550?\u26500?\u-244?\u25512?\u21160?\u20851?\u-27346?\u20154?\u25165?\u21319?\u32423?\u12289?\u20225?\u19994?\u25991?\u21270?\u21319?\u32423?\u12290?5\u24180?\u-27148?\u20998?\u20219?\u32654?\u22242?\u25307?\u-32680?\u31532?\u19968?\u-29409?\u-29405?\u20154?\u-244?\u20225?\u19994?\u25991?\u21270?\u31532?\u19968?\u-29409?\u-29405?\u20154?\u-244?\u21592?\u24037?\u20851?\u31995?\u31532?\u19968?\u-29409?\u-29405?\u20154?\u12290?2017-2018\u24180?\u-244?\u22312?68%\u30340?\u32452?\u32455?\u-28419?\u26377?\u27719?\u25253?\u32447?\u30340?\u-29693?\u21160?\u30340?\u-32564?\u26223?\u19979?\u-244?\u32654?\u22242?\u24555?\u-28641?\u-28691?\u20195?\u20154?\u21592?\u-244?\u-28743?\u28120?\u27760?\u-28743?\u25307?\u-32680?\u-244?\u32452?\u24314?\u20102?300\u20154?\u30340?\u25307?\u-32680?\u22242?\u-27105?\u-244?\u20132?\u20184?\u-29307?10\u19975?\u20154?\u26032?\u20837?\u-32692?\u-244?\u20854?\u20013?\u-25896?\u31649?170\u20154?\u12290?\u25512?\u20986?\u20197?\u8220?\u24110?\u22823?\u23478?\u21507?\u24471?\u26356?\u22909?\u29983?\u27963?\u26356?\u22909?\u8221?\u20026?\u20351?\u21629?\u30340?\u32654?\u22242?\u25991?\u21270?\u12290?\u20004?\u24180?\u-27148?\u-244?\u21592?\u24037?\u20154?\u25968?\u25552?\u21319?\u20102?3.1\u20493?\u-244?\u20132?\u26131?\u-28207?\u-26467?\u25552?\u21319?\u20102?2.3\u20493?\u-229?\u29992?\u25143?\u25968?\u25552?\u21319?1.5\u20493?\u12290?\par\pard\plain\s0\fi400\li0\ri0\sb80\sl300\plain\f0\fs22 2021\u24180?\u-244?\u-25777?\u-32767?\u24072?\u25805?\u30424?\u32654?\u22242?\u26032?\u-26890?\u21806?\u-28820?\u22411?\u-244?\u29301?\u22836?\u32654?\u22242?\u-26890?\u21806?\u19994?\u21153?\u26680?\u24515?\u29677?\u23376?\u24314?\u-29762?\u12290?\u25506?\u32034?\u20986?\u-28670?\u-28339?\u8220?\u31185?\u25216?+\u-26890?\u21806?\u8221?\u25112?\u30053?\u30340?\u32452?\u32455?\u25991?\u21270?\u-244?\u25512?\u21160?\u26032?\u-30644?\u19994?\u32467?\u26500?\u19979?\u30340?\u-26490?\u23548?\u21147?\u-28820?\u22411?\u-244?\u25104?\u21151?\u-31683?\u22320?\u20013?\u23618?\u20197?\u19978?\u-26890?\u21806?\u-32564?\u26223?\u31649?\u29702?\u-32763?62\u20301?\u-244?\u32654?\u22242?\u20248?\u-28663?\u-26890?\u21806?\u-32564?\u26223?\u31649?\u29702?\u-32763?\u27604?\u20363?\u-28738?\u21040?53%\u-244?\u30041?\u23384?\u29575?\u19981?\u26029?\u25552?\u-25896?\u12290?\u21322?\u24180?\u26102?\u-27148?\u-244?\u32654?\u22242?\u20248?\u-28663?\u-26890?\u21806?\u29677?\u23376?\u22522?\u26412?\u24314?\u25104?\u-244?\u22242?\u-27105?\u-30268?\u27169?\u-29307?\u-28729?3\u19975?\u20154?\u-244?\u23454?\u29616?\u-32278?\u24314?\u22823?\u20179?99\u20010?\u-244?\u-30330?\u30422?\u-27036?\u-30337?\u21271?\u23569?\u25968?\u22320?\u21306?\u32477?\u22823?\u-28440?\u20998?\u20013?\u22269?\u22478?\u-27321?\u20065?\u26449?\u-248?45\u19975?\u20010?\u-30644?\u25919?\u26449?\u-247?\u-229?\u23613?\u31649?\u26377?\u30123?\u24773?\u24433?\u21709?\u-244?\u20132?\u26131?\u-30268?\u27169?\u20174?0\u24555?\u-28641?\u29190?\u21457?\u-244?\u31361?\u30772?3000\u19975?\u20214?/\u26085?\u12290?\par\pard\plain\s0\fi400\li0\ri0\sb80\sl300\plain\f0\fs22 \u-25777?\u-32767?\u24072?17\u24180?\u-32692?\u19994?\u29983?\u28079?\u29301?\u22836?\u-28729?\u24456?\u22810?\u-26503?\u30446?\u-244?\u24110?\u21161?\u20225?\u19994?\u-30237?\u20915?\u20102?\u26840?\u25163?\u30340?\u21464?\u-26775?\u-26946?\u-26472?\u12290?\u19982?\u27492?\u21516?\u26102?\u-244?\u-32767?\u23545?\u20110?\u21457?\u23637?\u20013?\u30340?\u20225?\u19994?\u22914?\u20309?\u-28646?\u-28729?\u20027?\u21160?\u21464?\u-26775?\u-244?\u25104?\u21151?\u-29245?\u-28735?\u-28709?\u20837?\u19979?\u19968?\u20010?\u22686?\u-27265?\u21608?\u26399?\u-244?\u-28709?\u-30644?\u20102?\u28145?\u20837?\u30740?\u31350?\u-244?\u24635?\u32467?\u20986?\u8220?\u20225?\u19994?\u21457?\u23637?\u30340?\u20116?\u20010?\u-27082?\u27573?\u8221?\u21450?\u23545?\u24212?\u30340?\u8220?\u-26490?\u23548?\u21147?\u30340?\u20116?\u20010?\u-27082?\u27573?\u8221?\u12290?\u22312?\u22810?\u23478?\u20225?\u19994?\u-31683?\u22320?\u23454?\u26045?\u-244?\u21462?\u24471?\u22909?\u30340?\u25928?\u26524?\u12290?\u29420?\u21019?\u30340?PECL\u20154?\u25165?\u29956?\u-28663?\u20307?\u31995?\u22312?\u32654?\u22242?\u19968?\u30452?\u24212?\u29992?\u-32269?\u20170?\u12290?\par\pard\plain\s0\fi400\li0\ri0\sb80\sl300\plain\f0\fs22 \u-28646?\u-28729?\u22810?\u24180?\u20225?\u19994?\u20869?\u30952?\u32451?\u-244?\u-25777?\u-32767?\u24072?\u20135?\u29983?\u20102?\u24378?\u28872?\u30340?\u20351?\u21629?\u24863?\u12290?\u20182?\u24076?\u26395?\u23558?\u25152?\u23398?\u30340?\u32452?\u32455?\u21464?\u-26775?\u21644?\u-26490?\u23548?\u21147?\u25552?\u21319?\u32463?\u-25972?\u24635?\u32467?\u-30268?\u24459?\u-244?\u20256?\u25773?\u32473?\u26356?\u22810?\u30340?\u20225?\u19994?\u12290?\u-25777?\u-32767?\u24072?\u-32268?\u21147?\u20110?\u25552?\u21319?\u20013?\u22269?\u20225?\u19994?\u30340?\u21464?\u-26775?\u25104?\u21151?\u29575?\u-244?\u24110?\u21161?\u26356?\u22810?\u20225?\u19994?\u23478?\u23436?\u25104?\u-26490?\u23548?\u21147?\u-28820?\u-29013?\u-244?\u24110?\u21161?\u26356?\u22810?\u20225?\u19994?\u-28646?\u-28729?\u-29245?\u-28735?\u26032?\u30340?\u22686?\u-27265?\u26354?\u32447?\u-244?\u20026?\u23454?\u29616?\u25345?\u32493?\u29983?\u-27265?\u12289?\u23454?\u29616?\u24378?\u20225?\u26790?\u12289?\u24378?\u22269?\u26790?\u-32756?\u-29407?\u29486?\u21147?\u-28209?\u12290?\par\pard\plain\s0\fi400\li0\ri0\sb80\sl300\plain\f0\fs22 \u12304?\u25480?\u-29698?\u-26418?\u26684?\u12305?\par\pard\plain\s0\fi400\li0\ri0\sb80\sl300\plain\f0\fs22 \u20114?\u21160?\u24615?\u24378?\u-230?\u-32767?\u24072?\u28145?\u-29671?\u25104?\u24180?\u20154?\u23398?\u20064?\u29305?\u28857?\u21644?\u-30268?\u24459?\u-244?\u19981?\u20165?\u-29774?\u25480?\u-244?\u26356?\u29992?\u22810?\u31181?\u22521?\u-29779?\u25216?\u26415?\u22914?\u21551?\u21457?\u12289?\u25552?\u-27154?\u12289?\u28436?\u32451?\u12289?\u24773?\u26223?\u27169?\u25311?\u12289?\u28216?\u25103?\u31561?\u26041?\u24335?\u-244?\u-29693?\u21160?\u22521?\u-29779?\u29616?\u22330?\u27668?\u27675?\u-244?\u-26418?\u26684?\u-26418?\u-29277?\u24189?\u-24872?\u-244?\u20445?\u25345?\u23398?\u21592?\u19987?\u27880?\u-244?\u24182?\u-32515?\u28608?\u21457?\u23398?\u21592?\u30456?\u20114?\u-27148?\u30340?\u23398?\u20064?\u21147?\u-28209?\u12290?\par\pard\plain\s0\fi400\li0\ri0\sb80\sl300\plain\f0\fs22 \u26696?\u20363?\u21078?\u26512?\u-230?\u-32767?\u24072?\u21892?\u20110?\u19981?\u26029?\u31215?\u32047?\u26696?\u20363?\u-244?\u22312?\u-29698?\u22530?\u19978?\u24341?\u21457?\u-29784?\u-29766?\u21644?\u28857?\u-29756?\u-229?\u-28646?\u-28729?\u20114?\u21160?\u28145?\u25366?\u23458?\u25143?\u-27154?\u-26472?\u-244?\u-24813?\u21169?\u24605?\u-32765?\u-229?\u21450?\u26102?\u20998?\u20139?\u25216?\u-32515?\u24037?\u20855?\u-244?\u25480?\u20043?\u20197?\u28180?\u-229?\u25512?\u-28709?\u-30644?\u25104?\u-30644?\u21160?\u-29791?\u21010?\u-244?\u-27512?\u23545?\u24615?\u30340?\u-30237?\u20915?\u-27154?\u-26472?\u12290?\par\pard\plain\s0\fi400\li0\ri0\sb80\sl300\plain\f0\fs22 \u21153?\u23454?\u-31683?\u22320?\u-230?\u20973?\u20511?\u21313?\u19971?\u24180?\u20016?\u23500?\u30340?\u20225?\u19994?\u23454?\u25112?\u32463?\u-25972?\u-244?\u31215?\u32047?\u20102?\u20016?\u23500?\u30340?\u20146?\u21382?\u26696?\u20363?\u21644?\u24515?\u24471?\u-244?\u25104?\u20026?\u20154?\u21147?\u-29372?\u28304?\u31649?\u29702?\u23454?\u25112?\u12289?\u23454?\u25805?\u12289?\u23454?\u29992?\u12289?\u23454?\u26045?\u19987?\u23478?\u-229?\par\pard\plain\s0\fi400\li0\ri0\sb80\sl300\plain\f0\fs22 \u19994?\u21153?\u23548?\u21521?\u-230?\u20154?\u21147?\u20986?\u-29013?\u-244?\u21364?\u19981?\u25304?\u-29013?\u20154?\u21147?\u-244?\u-32767?\u24072?\u26356?\u25797?\u-27265?\u29992?\u20225?\u19994?\u32463?\u-31707?\u-30266?\u-30254?\u21435?\u30475?\u-26490?\u23548?\u21147?\u21644?\u31649?\u29702?\u30340?\u-27154?\u-26472?\u-244?\u28145?\u20986?\u27973?\u20986?\u-29774?\u28165?\u29702?\u-29766?\u-244?\u23545?\u19994?\u21153?\u21457?\u23637?\u25552?\u20986?\u19968?\u-27512?\u-30271?\u-30656?\u30340?\u-29750?\u26029?\u12290?\par\pard\plain\s0\fi400\li0\ri0\sb80\sl300\plain\f0\fs22 \u19987?\u19994?\u-28729?\u30828?\u-230?\u-32767?\u24072?\u-26786?\u24120?\u-28211?\u-30266?\u19987?\u19994?\u24191?\u24230?\u21644?\u28145?\u24230?\u30340?\u-27461?\u30740?\u-244?\u23545?\u-29208?\u-30644?\u19994?\u12289?\u-27082?\u27573?\u30340?\u20154?\u21147?\u-29372?\u28304?\u29087?\u24713?\u24230?\u-25896?\u-244?\u20973?\u20511?\u22312?\u20154?\u21147?\u-29372?\u28304?\u-26490?\u22495?\u30340?\u28145?\u-32747?\u21644?\u25506?\u32034?\u-244?\u26377?\u20102?\u28145?\u21051?\u30340?\u29702?\u-30237?\u21644?\u29420?\u21040?\u30340?\u-30271?\u-30237?\u12290?\u26377?\u-28729?\u30828?\u30340?\u25277?\u-29599?\u21450?\u32467?\u26500?\u21270?\u-30616?\u-28738?\u-32515?\u21147?\u12290?\par\pard\plain\s0\fi400\li0\ri0\sb80\sl300\plain\f0\fs22 \u12304?\u20027?\u-29774?\u-29698?\u31243?\u12305?\par\pard\plain\s0\fi400\li0\ri0\sb80\sl300\plain\f0\fs22 \u20013?\u23618?\u-26490?\u23548?\u21147?\u31995?\u21015?\par\pard\plain\s0\fi400\li0\ri0\sb80\sl300\plain\f0\fs22 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