quote -- emily: joining me now for more, and tung and selina wang, our guess was for the hour, davidkpatrick in new york. hans, we will start with you. how unusual is it to hear jack ma saying these things publicly? hans: what was private, jack had no problems sharing his vision. this is the first time he has on that since the company went public. he has a renewed sense of confidence. what he did say in the shareholder letter is the , there are china number one in the probability, so he is the only one who is in do thistion to strategy, and that is what he is saying what he is saying. emily: why say this publicly? what are the implications of it? selina: jack ma is feeling very confident, as hans said. it is not just the ipo. he is feeling very good about the result. you just said, some very impressive numbers. also, they have off-line high-end department stores, so they are really saying e-commerce is now old. it is traditional. we have to push to the next phase, which means helping those off-line guys get online, and we can help you bring it all together. emily: how well-positioned