. >> for more on alibaba, betty liu spoke with alibaba executive vice chairman joe tsai.ber one, mobile. >> this shift to mobile is obvious he -- there are two sides to the coin. on the monetization rate, it has been trending up over the last few quarters. the one thing to remember about mobile is we have now 265 million monthly active users that are coming to our mobile apps to buy things. that is a very good results especially in light of the net ads. we believe, as long as you continue to attract users on mobile to buy things, to engage on your platform, at some point, monetization will follow. one thing i would like everyone to remember, in the fourth quarter, alibaba generated $1 billion u.s. in mobile revenue. this is a substantial number. we broke that $1 billion mark. >> joe, on other developments speaking about mobile, yahoo! saw some good mobile ad revenue growth in their quarter just a day ago. marissa mayer has now spun out her alibaba shares into spinco. would you have any interest in buying all or part of spinco? >> we don't anticipate buying entering into a