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?

MA: China's remarkable progress in artificial intelligence and its application, big data and automation has transformed itself into an ideal strategic testing ground for VF. In China, we pioneer groundbreaking innovations, collect invaluable consumer insights, and refine successful models to replicate across international markets.

Through strategic partnerships with local experts, we are redefining consumer experiences through augmented reality-powered virtual fitting rooms and AI-driven shopping assistants, creating a seamless integration between online and brick-and-mortar retail. VF's recent e-commerce, content creation and AI application enable a wider consumer reach while significantly improving our operational efficiency.

TAN: In recent years, Skechers has been dedicated to implementing transformative changes and accelerating digital transformation, emphasizing the enhancement of our omnichannel retail ecosystem. We have incorporated AI into various aspects of our operations, such as store management and employee training. AI technologies have the potential to significantly improve efficiency across production, logistics and sales processes. Furthermore, it allows us to gain deeper insights into consumer behavior and preferences, forecast market trends and identify emerging opportunities, thereby unlocking new possibilities for innovation growth.

We have observed that China places significant emphasis on technological innovation and actively fosters the advancement of new quality productive forces, creating a supportive environment for research, development and innovation.

DONG: The rise of DeepSeek and the integration of AI across industries present significant opportunities for Avnet. We are well positioned to support the rapid growth of AI-driven sectors such as data centers, cloud computing, intelligent manufacturing, healthcare and autonomous driving. Our high-performance products are increasingly aligned with the evolving needs of these industries. In the semiconductor space, we see great potential as domestic CPUs integrate with AI models like DeepSeek, driving further optimization and performance improvements. With China's increasing role in AI innovation, Avnet is confident in the country's ability to sustain breakthroughs. Supported by strong policies and a thriving tech ecosystem, China is transforming from "made in China" to "innovate in China", and Avnet is excited to contribute to this evolution.

LING: The development of AI technology is unstoppable and will significantly enhance human technological productivity. We need to proactively embrace AI and the transformative changes it brings. Our company has already started integrating AI to improve efficiency in production and operations. The emergence of DeepSeek is truly exciting and showcases China's innovation capability and inclusiveness. With the continuous optimization of China's innovation ecosystem, there is no doubt that we will witness more breakthrough innovations and creations in the coming years. This environment fosters collaboration and creativity, enabling companies like Roehm to thrive and contribute to high-quality development.