Tencent Holdings Limited provided revenue guidance for the first quarter of 2020. For the quarter, the company expects social advertising revenue to revert towards its prior trend growth rate from the second quarter as ad impressions normalize somewhat and as some advertising categories review their customer acquisition budgets. For media advertising, revenue was CNY 3.1 billion for first quarter, down 10% year-on-year, within which sponsorship ad revenue declined year-on-year as well as quarter-on-quarter due to budget cuts, delays in producing and airing certain variety shows and suspension of NBA basketball games. The company expects media advertising revenue trends will be more challenging in the second quarter as multinationals reduce their brand budgets. Looking at FinTech and Business Services. Segment revenue was CNY 26.5 billion, up 22% year-on-year and down 12% quarter-on-quarter. Within FinTech, revenue decreased sequentially as commercial payments, especially off-line payment activities, and cash withdrawals reduced during the Chinese New Year and stay-at-home periods.