There's a lot of consolidation going on in the banking industry, and there are many different [electronic investing] platforms out there. This deal provides banks with a uniform standard.

It's a very important policy statement that clears the air and brings clarity to the issue. I think it will greatly enhance the U.S.-China relationship.

Before a prominent Western presence in China, surly waiters and surly salesclerks were pretty much what you'd expect. Nowadays, the five-star hotels in China are every bit as good as five-star hotels in Hong Kong and Tokyo — which means much better than the U.S.

It's not considered a fast-food experience.

The enhanced features of our ad products would require sufficient understanding from our sales force, advertisers, and agencies. To facilitate this, we have held multiple training sessions internally and road show events externally.

The combined entity Youku Tudou Inc. represents a dominant leader in online video sector in China with the largest user base, most comprehensive content library, most advanced bandwidth infrastructure, and most effective monetization capability.