商模式的不同導致天花板不同-行業數據

商模式的不同導致天花板不同
圖片屬性
圖片格式:PNG 圖片大?。?053KB 圖片尺寸:2303*1158
同報告圖片
 / 36
商模式的不同導致天花板不同_第1頁
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
商模式的不同導致天花板不同_第2頁
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
商模式的不同導致天花板不同_第3頁
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
商模式的不同導致天花板不同_第4頁
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
商模式的不同導致天花板不同_第5頁
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
商模式的不同導致天花板不同_第6頁
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
商模式的不同導致天花板不同_第7頁
商模式的不同導致天花板不同_第8頁
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
商模式的不同導致天花板不同_第9頁
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
商模式的不同導致天花板不同_第10頁
fCDlhazlj7jlkI3np7AgfCDlub/lkYrlrqPkvKDotLnvvIjkur/lhYPvvIkgfCDlub/lkYrotLnnlKjnjofvvIgl77yJIHwKfCAtLS0gfCAtLS0gfCAtLS0gfAp8IOaMh+WNl+mSiCB8IDIuODYgfCAyNS43MyB8Cnwg5Lic5pa56LSi5a+MIHwgMS41MyB8IDEuMzggfAp8IOWQjOiKsemhuiB8IDEuMDYgfCAyLjk4IHwKfCDlpKfmmbrmhacgfCAwLjI5IHwgMy43NSB8CgrotYTmlpnmnaXmupDvvJpXaW5k77yM5YWs5Y+45bm05oql77yM6ZW/5rGf6K+B5Yi456CU56m25omA
商模式的不同導致天花板不同_第11頁
fCDlhazlj7jlkI3np7AgfCDplIDllK7kurrlkZjmlbDph48gfCDplIDllK7kurrlkZjljaDmr5QgfAp8IC0tLSB8IC0tLSB8IC0tLSB8Cnwg5oyH5Y2X6ZKIIHwgMTQ3NCB8IDYzLjEwJSB8Cnwg5ZCM6Iqx6aG6IHwgMTk5MyB8IDM2LjM4JSB8Cnwg5aSn5pm65oWnIHwgMzM2IHwgMTYuNzklIHwKfCDkuJzmlrnotKLlr4wgfCA3NzAgfCAxMi44NSUgfAp8IOi0ouWvjOi2i+WKvyB8IDE4IHwgMy42MSUgfAoK6LWE5paZ5p2l5rqQ77yaV2luZO+8jOWFrOWPuOW5tOaKpe+8jOmVv+axn+ivgeWIuOeglOeptuaJgA==
商模式的不同導致天花板不同_第12頁
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
商模式的不同導致天花板不同_第13頁
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
商模式的不同導致天花板不同_第14頁
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
商模式的不同導致天花板不同_第15頁
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
商模式的不同導致天花板不同_第16頁
fCDlhazlj7jlkI3np7AgfCDplIDllK7otLnnlKjvvIjkur/lhYPvvIkgfCDplIDllK7otLnnlKjnjofvvIgl77yJIHwKfCAtLS0gfCAtLS0gfCAtLS0gfAp8IOaMh+WNl+mSiCB8IDUuNSB8IDQ5LjM1IHwKfCDkuJzmlrnotKLlr4wgfCA0LjcgfCA0LjIyIHwKfCDlkIzoirHpobogfCA1LjAgfCAxMy45NSB8Cnwg5aSn5pm65oWnIHwgMS41IHwgMTkuMTggfAp8IOi0ouWvjOi2i+WKvyB8IDAuMSB8IDIuMjkgfAoK6LWE5paZ5p2l5rqQ77yaV2luZO+8jOWFrOWPuOW5tOaKpe+8jOmVv+axn+ivgeWIuOeglOeptuaJgA==
商模式的不同導致天花板不同_第17頁
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
商模式的不同導致天花板不同_第18頁
fCDlhazlj7jlkI3np7AgfCDnoJTlj5HotLnnlKjvvIjkur/lhYPvvIkgfCDnoJTlj5HotLnnlKjnjofvvIgl77yJIHwKfCAtLS0gfCAtLS0gfCAtLS0gfAp8IOWQjOiKsemhuiB8IDExLjggfCAzMy4wOSB8Cnwg5Lic5pa56LSi5a+MIHwgMTAuOCB8IDkuNzUgfAp8IOWkp+aZuuaFpyB8IDIuMSB8IDI2Ljk5IHwKfCDmjIfljZfpkoggfCAxLjUgfCAxMy4xMSB8Cnwg6LSi5a+M6LaL5Yq/IHwgMC44IHwgMTcuMzYgfAoK6LWE5paZ5p2l5rqQ77yaV2luZO+8jOWFrOWPuOW5tOaKpe+8jOmVv+axn+ivgeWIuOeglOeptuaJgA==
商模式的不同導致天花板不同_第19頁
商模式的不同導致天花板不同_第20頁
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
商模式的不同導致天花板不同_第21頁
商模式的不同導致天花板不同_第22頁
fCDlhazlj7ggICAgIHwgUEPnq68gICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgIHwg56e75Yqo56uvICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICB8IOe9kemhteerryB8IOWKn+iDveeJueeCuSAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgfAp8LS0tLS0tLS0tLXwtLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tfC0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLXwtLS0tLS0tLXwtLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS18Cnwg5oyH5Y2X6ZKIICAgfCDlhajotaLns7vliJfvvIjliqjmgIHlhajotaLmk43nm5jns7vnu5/kvZPpqozniYjjgIHliqjmgIHlhajotaLniYjjgIHliqjmgIHmk5LpvpnniYjjgIHnp4HkuqvlrrbniYjjgIHmmbrog73pmL/lsJTms5XniYjvvInjgIHotKLlr4zmjozpl6jvvIjmoIflh4bniYjjgIHpq5jnuqfniYjjgIHkuJPkuJrniYjjgIHlrprliLbniYjvvIkgfCDmjIfljZfpkojogqHnpajjgIHmjIfljZfpkojln7rph5HjgIHliqjmgIHmk5LpvpnmiYvmnLrniYjjgIHnp4HkuqvlrrbmiYvmnLrniYggICAgICAgICAgICAgICAgICAgICAgIHwgLSAgICAgIHwg5Lqn5ZOB5a6i5oi3576k5L2T6ZKI5a+55oCn6L6D5by6IOS+p+mHjeivgeWIuOWIhuaekOi9r+S7tiDmm7TliqDms6jph43mipXotYTogIXmlZnogrLkuqTmtYEgICAgICAgICAgICAgICB8Cnwg5ZCM6Iqx6aG6ICAgfCDlkIzoirHpobrvvIjlhY3otLnniYjjgIHkvZPpqozniYjjgIHmtYHnlYXniYjjgIFNYWPniYjjgIFMaW51eOeJiO+8ieOAgeWQjOiKsemhuuacn+i0p+mAmuOAgeWQjOiKsemhuueIseWfuumHkeOAgeWQjOiKsemhuuaooeaLn+eCkuiCoeOAgeWQjOiKsemhuumXrui0ouOAgei0ouWvjOWFiOmUi+OAgeWkp+eglOWGheWPguWGheWPguOAgemHkeiejeWkp+W4iOiHs+WwiueJiOOAgeWQjOiKsemhuuaZuuiDveS6pOaYk+OAgeWQjOiKsemhuuiCoeWFiOefpeWkp+W4iOOAgeWQjOiKsemhuuWQjOmhuueuoeWutuOAgUFJ5oqV5oqV6Iez5bCK44CB5Yaz562W5YWI6ZSL5Li75Yqb54mI562JIHwgaWZpbkTmiYvmnLrniYjjgIHlkIzoirHpobrmiYvmnLrngpLogqHjgIHlkIzoirHpobrmipXotYTotKbmnKzjgIHlkIzoirHpobrniLHln7rph5HjgIHlkIzoirHpobrjgIHlkIzoirHpobrnkIbotKLjgIHlkIzoirHpobrpl67otKLjgIHlkIzoirHpobrotKLnu4/jgIHlkIzoirHpobrpl67otKLjgIHlkIzoirHpobrpgJ/pgJLjgIHlkIzoirHpobrotKLnu4/jgIHlkIzoirHpobrlrabloILmipXotYTjgIHlv6vnm5jjgIHogqHluILogZTnu5zjgIHnlLXop4bngpLogqHjgIHlkIzoirHpobrotKLnu4/nrYkgfCAtICAgICAgfCDmj5DkvpvmipXotYTmqKHmi58g5pSv5oyB5aSa5Yi45ZWG5byA5oi35ZKM5riv5r6z6YCa5byA5oi3IOmXrui0ouWKn+iDveW4ruWKqee7vOWQiOaZuuiDvemAieiCoSAgICAgICAgICAgICAgIHwKfCDkuJzmlrnotKLlr4wgIHwg5Lic5pa56LSi5a+M77yIUEPniYjjgIFNYWPniYjjgIHkuJPkuJrniYjjgIHnrZbnlaXniYjvvInjgIFMZXZlbC0y77yI5p6B6YCf54mI44CB5Yaz562W54mI44CB5riv6IKhbGV2ZWwtMu+8ieOAgeaTjeebmOWvhuegge+8iOacuuaehOeJiOOAgemihuiIqueJiO+8ieOAgUNob2ljZemHkeiejee7iOerr+OAgeS4nOaWuei0ouWvjOacn+i0p1BD54mI44CB5Lic5pa56LSi5a+M57uI56uv54us56uL5Lqk5piT56uvIHwg5Lic5pa56LSi5a+M44CB5aSp5aSp5Z+66YeR44CB5LyY5LyY56eB5Yuf44CB6IKh5ZCn44CB6LSi57uP5ZyI5a2Q44CB5Lic5pa56LSi5a+M5bCP5Yqp5omL44CB5Lic5pa56LSi5a+M5pyf6LSn44CBQ2hvaWNl57uI56uvQVBQIHwg5Lic5pa56LSi5a+M572R44CB5aSp5aSp5Z+66YeR572R44CB6IKh5ZCnIHwg5Lqn5ZOB55So5oi35rWB6YeP6L6D5aSnIOaPkOS+m+S6pOa1geS6kuWKqOW5s+WPsCDlhbfmnInpspzmmI7kvJjlir8gICAgICAgICAgICAgICAgICAgICAgICAgICAgIHwKfCDnm4rnm5/ogqHku70gIHwg55uK55uf5pON55uY5omL5pm655uI44CB55uK55uf5pm655uI5aSn5biI77yI6Lef5YWo54mI44CB5rex5bqm6LWE6YeR54mI77yJ44CB55uK55uf5pm655uI5aSp546R77yI5aSp546R5py654mI44CB5rex5bqm6LWE6YeR54mI77yJ44CB55uK55uf6aKG5YWI5Z+66YeR44CB55uK55uf5pON55uY5omL6YeR6J6N5bmz5Y+w77yI5py65p6E54mI44CB5Lm+5Z2k54mI44CB5Yaz562W54mI44CB5Yaz562W5Yqg5by654mI77yJIHwg55uK55uf5pON55uY5omL5pm655uI44CB55uK55uf5pON55uY5omL57uP5YW454mIICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICB8IC0gICAgICB8IOaPkOS+m+aKlei1hOiAheWtpuS5oOaVmeiCsuW5s+WPsCDmj5Dkvpvnu7zlkIjmgKfkuJTojIPlm7Tlub/ms5vnmoTmipXotYTnu4TlkIjmnI3liqHpq5jmlYjjgIHmk43kvZzkvr/mjbfjgIHkv6Hmga/lronlhaggfAp8IOi0ouWvjOi2i+WKvyAgfCDpgJrovr7kv6HvvIjmma7lj4rniYjjgIHmma7lj4rlop7lvLrniYjjgIHotKLlr4zniYjjgIHkuJPkuJrniYjjgIHnoJTnqbbniYjvvInjgIFUZW5zbGlua+eglOeptue7iOerr+OAgemAmui+vuS/oemrmOerr+S6pOaYk+e7iOerr+OAgeacn+i0p+mAmuOAgeacn+adg+mAmiAgICAgICAgICAgICAgICAgICAgICAgICAgIHwg6YCa6L6+5L+h44CB6YCa6L6+5L+h5pyf6LSn6YCa44CB5rex5rKqTGV2ZWwtMuOAgea4r+iCoUxldmVsLTLjgIHnn63nur/mjpjph5EgICAgICAgICAgICAgICAgIHwgLSAgICAgIHwg5aSa54mI5pys5Lqn5ZOB5ruh6Laz5aSa5qC35YyW6ZyA5rGCIOaPkOS+m+KAnOi0ouWvjOWciOKAneS6kuWKqOS6pOa1geW5s+WPsCDorr7mnInmipXotYTlrabpmaLkuI7mqKHmi5/ngpLogqEgICAgICAgfAp8IOWkp+aZuuaFpyAgICB8IOWkp+aZuuaFp++8iOiHquWKqeeJiOOAgeS4k+S4mueJiOOAgei0ouWvjOeJiO+8ieOAgeetlueVpeaKlei1hOe7iOerr+OAgea4r+iCoemAmuS4k+S4mueJiOOAgeWkp+aZuuaFpzM2Ne+8iOWFjei0ueeJiOOAgUxldmVsLTLvvInjgIHlpKfmmbrmhadWSVDvvIjmnLrmnoTniYjvvIkgICAgICAgICAgICAgICAgICAgICB8IOWkp+aZuuaFp0FQUOOAgeWkp+aZuuaFp+S8mOmAieWkp+W4iOi0ouWvjOeJiCAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgIHwgLSAgICAgIHwg5pSv5oyBQeiCoeOAgea4r+e+juiCoeOAgeacn+i0p+W8gOaItyDnlYzpnaLmk43kvZznroDmtIHliqnkuo7mlrDkurrkuIrmiYsgICAgICAgICAgICAgICAgICAgICAgICAgfAp8IOS5neaWuei0ouWvjCAgfCDkuZ3mlrnml5foiLDniYjjgIHkuZ3mlrnmk5LpvpnniYggICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgIHwg5Lmd5pa55pm65oqV77yI5peX6Iiw54mI44CB5pOS6b6Z54mI77yJ44CB5Lmd5pa56K+K6IKhICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICB8IOS5neaWueaZuuaKlSB8IOebtOaSreaVmeWtpuiusuino+WFqOWkqeaKlei1hOeDreeCuSDmj5Dkvpvlrp7ml7bluILlnLrnirblhrXkuI7mipXotYTpo47lkJEgICAgICAgICAgICAgICAgICAgICAgICB8CgrotYTmlpnmnaXmupDvvJrlhazlj7jlrpjnvZHvvIzplb/msZ/or4HliLjnoJTnqbbmiYA=
商模式的不同導致天花板不同_第23頁
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
商模式的不同導致天花板不同_第24頁
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
商模式的不同導致天花板不同_第25頁
商模式的不同導致天花板不同_第26頁
商模式的不同導致天花板不同_第27頁
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
商模式的不同導致天花板不同_第28頁
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
商模式的不同導致天花板不同_第29頁
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
商模式的不同導致天花板不同_第30頁
商模式的不同導致天花板不同_第31頁
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
商模式的不同導致天花板不同_第32頁
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
商模式的不同導致天花板不同_第33頁
商模式的不同導致天花板不同_第34頁
fCDpobnnm67lkI3np7AgICAgICAgICAgICAgICAgICAgICB8IOmhueebruebrueahCAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgfCDov5vlsZUgfCDmi5/ovr7liLDnm67moIcgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgIHwKfC0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLXwtLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLXwtLS0tLS18LS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLXwKfCDmjIfljZfpkojmsqrmt7HmuK/pgJrluK3kvY3liIbmnpDns7vnu58gICAgIHwg6ZKI5a+55YyX5ZCR6LWE6YeR55qE5oyB6IKh5L+h5oGvLOa3seW6puWJluaekOWQhOS4quS6pOaYk+S4u+S9k+S6pOaYk+eJueW+gSzlubbmja7mraTov5vooYzlr7nmr5TliIbmnpDlkozmsYfmgLvnu5/orqEgfCDlt7LlrozmiJAgfCDop4LmtYvkuLvlipvluK3kvY3mk43kvZzliqjlkJEs5o+Q5L6b6YCJ6IKh6L6F5Yqp5Yaz562W5bel5YW3ICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICB8Cnwg5oyH5Y2X6ZKI56CU5oql55uR5o6n5LiO5py65p6E6LCD56CU5YiG5p6Q57O757ufIHwg5Lul5LiT5Lia5py65p6E55qE6K+E5Lu36KeG6YeO5Li65Z+656GALOW9ouaIkOS4gOezu+WIl+ivhOS7t+aMh+aghyzkvr/kuo7mipXotYTogIXlr7nkuo7mqKrlkJHlkoznurXlkJHnmoTlr7nmr5TliIbmnpAgfCDlt7LlrozmiJAgfCDmraTns7vnu5/kuLrmu6HotrPmipXotYTogIXlnKjpgInml7bjgIHpgInogqHlhrPnrZbkuIos5o+Q5L6b5LqG6L6F5Yqp5Yaz562W5bel5YW3ICAgICAgICAgICAgICAgICAgICAgICB8Cnwg5oyH5Y2X6ZKI5aSn6YGT5oyH5pWw55uR5rWL5YiG5p6Q57O757ufICAgICB8IOS+v+S6juaKlei1hOiAheWcqOWGs+etluWIhuaekOi/h+eoi+S4rSzlj4rml7bmjozmj6Hlm73lhoXlpJblro/op4Lnu4/mtY7ku6Xlj4rooYzkuJrnu4/mtY7mlbDmja7nmoTlj5jljJYgICAgICAgfCDlt7LlrozmiJAgfCDns7vnu5/mj5DkvpvkuIDns7vliJflro/op4LmlbDmja7ooY3nlJ/nsbvmjIfmoIcs5Li65oqV6LWE6ICF5o+Q5L6b6L6F5Yqp5Yaz562W55qE5L6/5YipICAgICAgICAgICAgICAgICAgIHwKfCDmjIfljZfpkojogqHluILmmbTpm6jooajpooTmtYvliIbmnpDns7vnu58gVjIuMCB8IOWcqDEuMOeJiOacrOeahOWfuuehgOS4iizkvJjljJbmqKHlnovmlrnmoYgs5o+Q5Y2H6aKE5rWL5Y+v6Z2g5oCn5ZKM5YeG56Gu546HICAgICAgICAgICAgICAgICAgICAgICAgfCDlt7LlrozmiJAgfCDln7rkuo7lpKfmlbDmja7nmoTnoJTnqbbmqKHlnoss5Li655So5oi35o+Q5L6b6L6F5Yqp5Yaz562W5bel5YW3ICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgfAp8IOaMh+WNl+mSiOeDreeCuembt+i+vuWIhuaekOezu+e7nyBWMi4wICAgICB8IOWcqOaWsOeUn+S6p+WHuuadpeeahOaKgOacr+WIhuaekOWboOWtkOWfuuehgOS4iizlr7kxLjDniYjmnKzov5vooYzkvJjljJbljYfnuqcgICAgICAgICAgICAgICAgICAgICAgfCDlt7LlrozmiJAgfCDln7rkuo7lpKfmlbDmja7nmoTnoJTnqbbmqKHlnoss5Li655So5oi35o+Q5L6b6L6F5Yqp5Yaz562W5bel5YW3ICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgfAp8IOaMh+WNl+mSiCBMZXZlbC0yIOaegemAn+ihjOaDheezu+e7nyAgICB8IOeUqOayqua3sSBMZXZlbC0yIOihjOaDheeJueW+gSzmj5Dpq5jlrqLmiLfnq6/kuqflk4HnmoTmlbDmja7mmL7npLrnu7TluqYs5o+Q5Y2H6KGM5oOF5o6o6YCB6YCf5bqmICAgICAgICAgfCDlt7LlrozmiJAgfCDnm7TmjqXpnaLlkJHnlKjmiLfnmoTkuqflk4HmnI3liqEs5Li655So5oi35o+Q5L6b5pu05Li65Liw5a+M44CB5b+r6YCf55qE6KGM5oOF5L+h5oGvLOaPkOWNh+eUqOaIt+S6p+WTgeS9v+eUqOS9k+mqjCAgIHwKfCDmjIfljZfpkojmuLjotYTluK3kvY3liIbmnpDns7vnu58gICAgICAgICB8IOWIqeeUqOW4reS9jeaVsOaNrueahOa3seW6puWLvueoveWvueavlCzmjJbmjpjmlbDmja7pl7TlhbPogZTlhbPns7ss5Y+N5pig5biC5Zy65Li75L2T5Lqk5piT6KGM5Li6ICAgICAgICAgICAgfCDlt7LlrozmiJAgfCDkuLrnlKjmiLfmj5DkvpvovoXliqnlhrPnrZblt6XlhbcgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgIHwKfCDmjIfljZfpkojlgZzmnb/po47lkJHmoIfliIbmnpDns7vnu58gICAgICAgfCDnu5PlkIjnm5jlj6PnmoTlrp7ml7booYzmg4XnibnlvoEs6aKE5rWL6IKh5Lu35Y+Y5YyW5oOF5Ya1ICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgfCDmnKrlrozmiJAgfCDkuqflk4HmnI3liqHkuo7nm5jkuK3liIbml7blhrPnrZYs5Li655So5oi35o+Q5L6b6L6F5Yqp5Yaz562W5bel5YW3ICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgIHwKfCDmjIfljZfpkojkvpvmsYLotYTph5HliIbmnpDns7vnu58gICAgICAgICB8IOmAmui/h+WunuaXtuS6pOaYk+aVsOaNrizlrozmiJDnm5jkuK3kubDljZblipvph4/nmoTnu7zlkIjlr7nmr5TliIbmnpAgICAgICAgICAgICAgICAgICAgICAgICAgICAgfCDlt7LlrozmiJAgfCDku6XmjIfmoIfnmoTlvaLlvI/kuLrnlKjmiLfmj5DkvpvovoXliqnnrZbnlaXlj4LogIPkvp3mja4gICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgIHwKfCDmjIfljZfpkojliqjmgIHmk5LpvpnlubPlj7AgMi4wIOezu+e7nyAgICB8IOWcqOWOn+acieaTkum+meW5s+WPsDEuMOeahOWfuuehgOS4iizlr7nmqKHlnovov5vooYzkvJjljJblj4rmianlsZUs5o+Q5Y2H55So5oi35a+55LqO5Lqn5ZOB5L2/55So55qE5L6/5Yip5oCnICAgfCDlt7LlrozmiJAgfCDlrozlloTkuqflk4Hlip/og73nmoTov63ku6PljYfnuqcs5o+Q5Y2H55So5oi35L2/55So5L2T6aqMICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgICAgIHwKCui1hOaWmeadpea6kO+8muWFrOWPuOW5tOaKpe+8jOmVv+axn+ivgeWIuOeglOeptuaJgA==
商模式的不同導致天花板不同_第35頁
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
商模式的不同導致天花板不同_第36頁
商模式的不同導致天花板不同_第37頁
所屬報告: 指南針-公司深度報告:關注垂直流量精準運營+證券業務構筑的新增長極-240707(23頁).pdf
打包全文圖表

相關數據

最新數據

客服
商務合作
小程序
服務號
折疊
午夜网日韩中文字幕,日韩Av中文字幕久久,亚洲中文字幕在线一区二区,最新中文字幕在线视频网站