Dmall DMALL (Dmall Inc.) was founded in 2015 to provide retail digitalization solutions for retailers in the local retail industry. According to Frost & Sullivan's data, in 2023, multi-point Dmall is the largest retail digital solution service provider in China based on the two dimensions of revenue and total commodity transactions. As a leading retail digital solution service provider in Asia, multi-point DMALL covers a wide range of operating modules and reaches a diverse customer base within the industry, thereby obtaining in-depth retail expertise to meet the needs of retailers in all key operational aspects. Duodian Dmall has served most leading retail companies in China, and has also successfully expanded its business to other overseas countries and regions. As of June 30, 2024, including Hong Kong, China, Macau, Cambodia, the Philippines, Malaysia, Indonesia, Singapore, Poland, and Brunei, overseas revenue has broken through the 100 million yuan mark. As of June 30, 2024, Duodian DMALL has provided services to 444 customers, including Wumei, Metro, Lawson, Hong Kong Milk Group (Huikang, Wanning), etc., and the model has been widely tested. From 2021 to 2023, net revenue retention rates were 208%, 140%, and 114%, respectively.