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India, a top market for us, has continued to be strong for us and we believe that shipping products to them at a better margin than to other markets. I'll give you just one example, we have negotiated logistics contracts with multiple e-commerce players in India and I believe that the logistics are discounted by 10-20% from the end consumer in India due to logistics. And therefore, our top line is better, our top line margins are better and it's easier for us to build scale and at the same time have better logistics.I think the idea is that Flipkart is the first example of a company that's where we are taking an initial risk, a lot of early-stage risk that we have in technology, that we know we are not in the perfect position to know how quickly those solutions will be adopted by consumers. That's the risk we take.
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