On the domestic consumption point, we own the number…
On the domestic consumption point, we own the number one and number two rental car operators in China. And our thesis boils down to this pair of statistics. There are 450 million driver's licenses in China but only 270 million license plates. And issuance of license plates is slowing down even further as the government tries to control emissions. So, there are 180 million drivers who are looking for cars. That's the kind of scale you just don't see. That's the booming consumption opportunity for managers like us.
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