We continued to be engaged in solid cooperation with China Mobile, China Unicom and China Telecom – in B2B logistics business. In B2C logistics business, we entered into contracts for FMCG (fast moving consumer goods) warehouses with Cainiao Network of Alibaba Group. Instant Logistics, our logistics services brand, made a name for itself during the November 11th marketing campaign ( China's Black Friday) in the debut with Cainiao, ranking 1st and 5th through its Langfang Warehouse in North China and Fengxian Warehouse in Shanghai, respectively, in terms of the order volume processed among the Cainiao Union.