Yes, we think COVID uncertainty and Marco weakness will affect our business. And we can see now globally advertising is facing some uncertainty. In China, sectors such as education, real estate, travel have been slowed down due to COVID-19. and also the government supervision, the regulations, some other reasons. So the impact has been passed on to advertising business. So some bigger internet platform companies are not very optimistic about advertising in the coming quarter. also our outlook for the fourth quarter also reflect these negative factors and Overseas overseas market advertising business as we mentioned For the big platform company like Facebook. They they are also facing headwinds and from the change of iOS 14 macroeconomic and COVID-related factors. So our overseas advertising agency business is also adversely affected, and this might be impacted by multi-quarters. This also has been factored in our fourth quarter guidance.

Nov 24, 2021 / CFO / receipt, needs a key / Thomas Yen, CFO | earnings call 2021-11-24 | transcript de322a72-1514-4c1e-a62b-5c4aa4693431 | chars 11469-12420 | segment 11