Q3 DeepSeek has been a buzzword and surprised the world starting this year. AI technology has been deeply integrated with various industries around the world. What opportunities do you foresee for your business from AI technology? What's your view on China's ability to sustain innovation in breakthrough technologies in the coming years?

LIU: AI will redefine luxury retail through hyper-personalization and immersive experiences. At the DFS Yalong Bay project, we plan AI-powered tools like virtual stylists and AR try-ons to enhance customer engagement. China's rapid AI adoption, fueled by strong R&D and a tech-savvy consumer base, positions it as a global innovation leader. We are confident in China's ability to maintain breakthroughs in AI — driven by retail solutions — which is in line with our goal of providing excellent customer experiences.

ZHANG: DeepSeek is indeed an innovation that has surprised the world. Bimbo China pays high attention to AI education and leveraging. Within the company, IT experts provide AI training for our team, encouraging associates to use AI to improve work efficiency. On the commercial side, we are also attempting to leverage AI to generate creative ideas and constructive solutions to resolve business issues. China's rapid rise in AI, robots, integrated circuits and digital infrastructure will reshape competitiveness dynamics in related industries globally. Bimbo China aims to leverage these new technologies to improve its operating efficiency, speed of innovation and cost structure.

ZHU: In recent years, artificial intelligence has been a hot topic, and now China's advancements in AI technology have taken this conversation to new heights, showcasing its leading position in the industries. "Made in China" is further influencing the world, particularly through progress in AI and the global impact of sectors like new energy vehicles, highlighting its strong potential for sustained breakthrough innovations. We are confident in China's leadership in transformative technologies, which will enhance our operational efficiency, especially through data-driven insights, to better understand Chinese consumers and help us better meet the consumers' evolving needs. By leveraging advanced AI and data analytics, we can significantly enhance our new product development process and improve consumer-brand communication efficiency. These technologies enable us to analyze data on consumer preferences, market trends and nutritional needs, allowing us to identify gaps and opportunities in the market.

YOOVIDHYA: AI is reshaping industries at an unprecedented pace, and at TCP Group, we see it as a game-changer for the food and beverage sector. From R&D and production to consumer engagement and supply chain management, AI presents vast opportunities to enhance efficiency, personalize experiences and drive innovation. Our R&D center is already leveraging AI and big data analytics to gain deeper consumer insights and accelerate product development, thus ensuring that we stay ahead of evolving market trends. In manufacturing, AI-powered automation is helping us optimize production lines, improve quality control and enhance operating efficiency. Meanwhile, AI-driven predictive analytics and smart logistics allow us to respond to consumer demand with greater precision, reducing waste and improving supply chain resilience. China's thriving AI ecosystem and commitment to innovation provide a strong foundation for sustained technological breakthroughs.