With the continued recovery in domestic economies, we see Chinese investors investing more in the overseas tech sector. Q4 deal volume with Chinese investors increased by 40% QoQ, while deal value increased by 80%, showing that Chineseinvestors are becoming more optimistic on overseas markets. However, deal volume in Europe declined by 20% QoQ.The impact of the geopolitical conflicts on Chinese overseas investments lessened. Deal volume into India was in line QoQ,