 I've been the open source guys for about 20 years now. I get the opportunity to go into a speech these days, looking at the new graduate computer science programmer and tell them, look, I've been doing open source before you were born. So that's a good thing to be able to say that. And 20 years of open source, I realize the true meaning of open source. It's about be able to look at inside how things work, be able to modify it to suit my purpose, and then change it. And I have the freedoms to share it with my friend, with people who will enjoy and benefit from it. A couple years back, I stumbled on this open source hardware movement, this adrenal ball, a very little controller than could. It opens up the horizons to all kinds of different crazy areas of found toys. We started to look at something people do with adrenal. UAV, everybody, well, the UAV has been famous because of the war, but they are also found toys. Send a few up, have them fly for a couple of hours, taking pictures, it's awesome. 3D printer, now this is the buzzword these days, but it's open source, adrenal, distributed, people can have fun with it. Of course, all sort of crazy robot. And my personal favorite, gardening, with electronics, with microcontrollers. So with adrenal and open source, it's really, sky is the limit. Everything you want to do, you can go and Google adrenal and whatever you want to do. And if someone already do it and sharing it with you, and that's a happy community around the world will support you. So, because I'm so into this, I run into two partners, Ricky and Meenin, in Shanghai, and we look, starting this Shintojian hacker space for people who wants to enjoy the making of new, interesting hardware. This is the activity going on in Shintojian basically a space providing you the tour, the community, if you want to build something, just come in and enjoy it. And there's a lot of familiar face to you guys here in Shanghai. We've got all kind of activity, people teaching, people sharing making stuff. And we are so happy, we have been in Shanghai for about a year and a half, and we make pictures of some of the best members. And this is what the staff may make. And that could have been the end of the story if we are anywhere other than Shanghai, China. Since we are the first hacker space in China, with that title, it comes great responsibility of, how do you help China to innovate? First, it started as a pretty annoying question. It's like our clubhouse, can we just have fun and don't ask us that big question. But when we're starting to really look into it, we see there are a whole bunch of other people who's going around making crazy stuff. And that is what has been called Sancai. This is typically, we give a presentation on a China innovation. This is the slice you throw out and people just laugh at it. See how stupid Chinese are, making these stupid forms, making this nonsense innovation, well, nonsense. But this is Sancai. Sancai has been a very negative terms in China. And it started as pirating Nokia, Samsung. But once we're starting to look into this, is the Sancai, actually, they stop pirating. The question, the reason for stop pirating is because the big brain cannot produce new models fast enough for them to pirate. So now they have to pirate each other, innovate it on top of each other. And one of the great hackers, Benny Huang, has rolled deeper into the Sancai. And here's actually how Sancai builds stuff. First of all, they build nothing from scratch. There's no drawing balls of building new product. You always build product based on some existing products. And you do it fast. You do it quick. You have an idea, you go out, build 5,000 of them, build a couple of thousand of them, test the market, wrap it. It's small innovation, but it's rapid. The Sancai factory can do fun ideas to product in the market within the months. And you share it as much as possible with your peers. So with my description of open source and this Sancai, the issue sounds alike. So we have been talking about Sancai and open source movement is actually twin separated at birth. Now does this picture look different? It's not, it's this, we can cherish it as the innovation from China. People making small improvement on things, trying to go into the niche, fix a small problem. And Sancai has been doing this for the past 20 years and they excel at it, strong, fast and very efficient supply chain. And is this the thing of the past? I'm not sure how many people heard of this website, Kickstarter. It's supposedly right now the hardest website in the world right now. And it's going to revolutionize how project is funded. And if you look at it, this is a whole bunch of people who wants to build small innovations on top of existing stuff. So our conclusion is the, when we talk about China innovations, we got a global trend of open source movement with small niche product oriented. We got a very efficient supply chains to be able to support whatever you wanna build. And being China, I think the new way to do Sancai is the next innovation opportunity. Thank you.