to the up I'll within Alicia, cover you there number topics of the raised. two a And for of thank are them most try sub-questions but you questions.
different observations COVID at very consumer China. of then is in the sentiment tied the around generalization changing enterprise a cities terms high-level situation to in So on and behavior
trend severely the Shanghai that down but otherwise probably So now, seen has experienced unfortunate would many for the COVID commercial where has improving remained consumer be. on very payment it's all outbreak. as volume have is you're gently and a in weeks it And we trend still below Shanghai. aware, below The year-on-year side
outbreak very the in that On quickly. at the recovery the there May, study of in growing let payment Shenzhen on a April. And then a a if case And top and in back a look the is sharp March year-on-year in a with provides small-scale and Shenzhen fairly was March commercial Shenzhen. lockdowns of got to largely commercial we consumer and it previous COVID other volume had trend hand volume in payment in rates rapid the city
how the of a across different the COVID terms in how Drilling our it's question, really businesses, into So latest will in of affect some headwind sub-questions. macro your of country. behaves primarily cities
outbreaks people content lockdown. previously if the Year straight to because I mindset, XXXX mindset were early holiday that the COVID remained Chinese they On in those happened XXXX a a holiday in in was versus COVID we the we in outbreaks experienced the mindset during side were digital XXXX, what differentiate New period then in saw the and patient many after
there relatively a applications. so fast of was entertainment-related And upturn in usage
COVID other and consumers weeks time but after continue outbreak the teachers students the people the home. and at applications. from and working comfortable back back or -- sought at it On Year they and work, and around New productivity-related with happened, to studying enterprises Chinese holiday generally so school to were several hand, become This took
of applications And documents. two over Tencent educational that establishments And have boosted Tencent accelerated market first the of in the secondly, and applications, slower and and productivity-related applications a uptake, all Tencent more Meeting. consumers much reflects fact faster such of productivity And so Meeting software are now uptake the our I WeCom's services a uptake share in familiar past substantially we of entertainment-related Meeting years. enterprises Tencent to [ph] that that, many as number with enterprise the that but use a how saw think their fact particular,
the content. So that's digital on
headwind exempt And in in China, how people the not unfortunately negatively we're specific COVID macro businesses In the that. of, affecting cities. affected will particularly is -- from terms most
that's the overall our nationwide. budgets there's impact negative then payment especially their impact think, mentioned, I volumes pressure on -- although, particularly partly because Shanghai. multinationals, many that than marketing And companies because as on some city partly the notable I city So run is rather by universal more on differentiated of GDP, advertising,
on on Some see harder the project negative business. impact to game cloud impact the launches, then and
So that off your, first hope I covers question.
the question, from ultimately -- to sophisticated more Then, barebones delivery as are the general our time the become they correspondingly content the around video that healthier. barriers is real-time integrated second customers network, and toward communications in -- platform-as-a-service a entry communications On solutions. competitive over belief opportunity. migrating on-demand toward become And and margins migrate,
starting are content So companies CDN. in China many delivery there are that with network, reselling telco bandwidth for
we We and lease it have But including in, advantage infrastructure wars price some own in-house lines competitive that very we prone business. substantial that is commoditized margin have and frankly, somewhat compression. actually operate. It's a to a
video, somewhat into communication we're only we low-latency QQ you enterprises billions then move for As as there real-time any we're companies And have many I for individually that of And you communicate have order unique the -- many advantaged in of having move platform-as-a-service, video years. the are think provide of advantage to solutions. way with chats one Weixin to and then to of Weixin algorithms, customers. video a their because in uniquely are salespeople them, using users handful that there's supported
video the of their to ultimately then WeCom enterprises salespersons it's software provision within aggregate systematize chat, so video through very those WeCom. And with customer the natural, for relationships communication and
in trends future. see then the trends we of globally about to both and terms customer see expect optimistic the we I adoption China, and think the we're the In rate, in very
within consumers website. wanted initially chat interact to to they for in would operating many to include message that video think did it They If consumers with I a e-mail number. And online, move corporations inevitability how just telephone the facilitated products, it's the a think website. a will from want Then they many to about an Then a you consumers live future, move chat. by chat.
low-latency interaction cost doing so and a necessary tool. provide being able consumers, -- competitive a video of cost companies the of just become business, And for with will real-time key to a
communications the about platform-as-a-service, future. about real-time now optimistic for we're low-latency and and communication So
