Donovan: Many Chinese companies are trying to build a global presence for the first time. While there are not many prior examples to learn from, we have developed a number of best practices. One of the first metrics we look at is the population of a country. Larger countries mean larger markets. We look deeper into the number of active internet users, and how active they are across different platforms. We also look at gross domestic product per capita, and the size, penetration, and growth rate of the smartphone market. We consider the use of social media and whether the e-commerce market is sufficiently developed. Furthermore, compared with other Chinese technology companies, Xiaomi has a well-rounded business model. Xiaomi does not just depend on the internet, or a piece of hardware, or e-commerce, but rather a blend of all these elements. Let me give you a quick summary of how this works.