Thank you for that.
I do apologize if this is a little rapid fire, but we have limited time here.
Governments south of the border in the United States and here as well, and a number of provincial governments, as I understand it, have limited TikTok use on government devices, citing security concerns and privacy concerns. Some of that comes back to ownership and where the data is stored. I have a few questions here that I'm hoping you can provide some answers to.
ByteDance's HQ, I understand, is located in Beijing, but the company is registered in the Cayman Islands. Can you provide, in as short a time as possible, an explanation as to why that would be the case?