 Hi, I'm Jian Han. I'm here to talk about challenges and opportunities of Chinese companies going global. Nowadays more and more companies, Chinese companies, are going global and they are facing challenges and opportunities such as supply chain challenges, marketing strategies and talent challenges. One of the challenges that Chinese companies are facing when they implement their overseas strategy is to connect its talent strategy with its business strategy. When they're making the decision to go abroad, the first decision they need to make is why they do the merchant acquisition or why they want to explore the overseas market. Usually they make the decision because of it is either a good investment opportunity because they're expanding their market or because other competitors are doing the same thing and they have to do it or acquire advanced technology. Then later on down the road, they will gradually figure out that talent challenges is one of the most difficult problems the top management team is going to face. There are two important things to consider. First one, have the financial capability does not equal to management capability. So along the line or at the very beginning, the top management team, before they make the merchant acquisition decision, especially overseas, they need to consider the talent issues ahead of time. The second thing to consider is before the merchant acquisition, the host company usually consider from the home country perspective. Whereas during the strategic implementation process, problems usually occurred at the subsidiary side. Therefore, the talent issues should always be prioritized during the strategic planning stage rather than the implementation stage.