— The results were primarily driven by the increasing adoption and effectiveness of the company’s various online marketing services such as real-time bidding, priority listings and various other online marketing services.
— The total number of paying business users was about 3.6 million in the third quarter of 2019, a 3% increase from the same quarter of 2018.
— Looking ahead into the fourth quarter, total revenues are expected to be between RMB4.05 billion and RMB4.15 billion. This represents a year-over-year increase of 12% to 15% in the Renminbi.
— As of September 30, 2019, the company had cash and cash equivalents, term deposits, restricted cash and short-term investments of RMB9.49 billion ($1.34 billion).
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