We met with Cogobuy’s CEO and CIO post 3Q16 results. GMV is growing ontrack to 50% YoY target for 2016 on the back of solid 80%+ YoY GMV growth inSME. Monetization of its Internet of Things (IoT) platform Ingdan picked upmeaningfully to 30% of GMV. Cogobuy is actively pursuing an M&A strategy toexpand geographical reach as well as broaden product and service offerings.