Risk Factors Update Summary
- Addition of third-party e-commerce platforms to risk factors, expanding potential operational risks.
- Increase in compliance risks from anti-bribery laws to anti-corruption laws.
- Expansion of risk related to changes in consumer discretionary spending and economic conditions.
- Shift from lower yields on short-term investments to lower returns on long-term bank deposits.
- Change from unconsolidated affiliates to equity method investees in risk factors.
- Update on risks related to doing business in China, emphasizing regulatory uncertainties and changes.
- Transition from control to supervision by the Chinese government over securities offerings outside China.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1673358&owner=exclude
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