i recently interviewed wahaha.all know about his comments about the internet economy destroying manufacturing and driving things down. do you think there is an old guard in china that doesn't quite understand the new economy, that they will have to adapt? >> we are this kind of resistance in the past 18 years almost everyday. we see people like mr. zong a lot. but this is the revolution of the technology. people like the older tycoons in the old economy -- in their earlier days, they destroyed a lot of lower-level companies. we are helping manufacturing, right? we sold more than 500 billion u.s. dollars product last year, and 70% of them were helping selling the manufacturing. we don't produce. theout us, these 70% of -- the $500 went billion would never be able to reach the consumers. stephen: will you facilitate reform at the state owned enterprises from the outside, because the vested interests want to keep the status quo? jack: yeah, we are pushing that. this is why a lot of banks don't like us in china. we are