In my original Internet business, when I invested in Xiao Peng, I was thinking about this topic. Let me give you some previous examples. In my last mobile Internet business, we saw two kinds of competition. The first one is whether it is possible to use traffic in many fields. a competitive environment for each other. In the end, we found out that there are many places where the traffic can complement each other, because it can penetrate different capabilities. But in the middle, for example, in the PC, in the mobile phone, in the TV field, their content and their traffic can't interact. In other words, in such a case, it didn't succeed. So in today's situation, we can see more and more cross-border enterprises In the past, we have seen business from real estate, from mobile phones, from the Internet, or from other industries in the industry to compete in cross-border. Let's take a look at the ability of this cross-border and an electric car to make strong AI. Does it have a lot of extension? This is a cross-border that is very necessary. What I want to say is that, of course, in the layout of small companies, are all very eager to see Xiaofeng himself in this field have such a layout. So I will give an example. A few years ago, Xiaofeng has been considering how to carry out ecological layout on travel and AI, including our flight system. This year is already the ninth year, and the robot is already the fifth year. Such a layout includes the cooperation between us and the pub

Nov 15, 2023 / CEO / receipt, needs a key / Xiao Peng, CEO | earnings call 2023-11-15 | transcript b07e7966-31e0-4708-846e-0a99be6a7be5 | chars 23297-24797 | segment 23