Well, it depends, those companies are foreign companies. If you're talking about competition, that's one dimension. If you are talking about customers, that's another dimension. If you're talking about suppliers, there's also another dimension. But in general, if you look at the as I mentioned, many of them are very large and very powerful. And they enjoy very privileged positions. In some of the industries that are pretty highly regulated. So for example if you are a telecom equipment supplier, and you want to supply to the telecom operators. By definition all of the telecom operators in China are big SOE's. So if they are your customers you have to figure out a way to work with them. At the same time, if for example you have fast moving consumer goods foreign companies. And in fact, what you're facing is oftentimes very intensive competition by the Chinese private enterprises. As I mentioned, many of them are very innovative, they're HR, and many of them have become extremely competitive in some of the FM switching categories. So, even if you have partying gamble, or you're in little, or for example, you're finding that actually the strongest competition in China are not your multinational. Your usual multinational competitors, whereas they would be some of the most aggressive Chinese privately owned companies.