Question-and-Answer Session
Operator
Thank you. Operator instructions. And your first question comes from the line of Dick Wang of JP Morgan. Please proceed.
Q – Dick Wang(?), JP Morgan
Hi, good morning. Hi Shuang, Tommy and Eric.
A – Eric Ho
Hi, good morning, Dick.
Q – Dick Wang(?), JP Morgan
I will start off with a first question. You mentioned a dash for the free software that is about 2,500 users using the software already. I wondered how many of those users have begun paying for the upgrade services? Or buying the upgrade pack, should I say.
A – Eric Ho
OK. I think the question is for the iProcess which we have been installing in 14 regions, now there are about 2,500 using this. For the time being, those packages are free of charge at this moment. We have (inaudible) collecting money from those users at this moment.
Q – Dick Wang(?), JP Morgan
OK. When do you think they will convert using the upgrade service? Or the upgrade pack?
A – Eric Ho
I think the plan is that because this is such a new software, the iProcess, our plan is that at least in the marketplace, the user needs to have some time to get used to it and learn how to use it. We don’t think we would start collecting money from a user until the next couple of months. So it’s going to be another two or three months, maybe into the second half of this year.
Q – Dick Wang(?), JP Morgan
All right. Great. Can you also tell us about your international operation on new initiatives?
A – Eric Ho
International expansion in the shipping area? Is that your question, sorry, Dick?
Q – Dick Wang(?), JP Morgan
What I mean is the new business lines.
A – Eric Ho
You mean the service provider. We want to become a one-stop international trade service provider, is that the plan you were talking about?
Q – Dick Wang(?), JP Morgan
Right.
A – Eric Ho
Yes. I think since many months ago, we have told the market that we believe there is a business opportunity in China that we want to position ourselves to become a one-stop international trade service provider. I think the project has started and we have been working on it. We believe some time in this year, we are going to launch this kind of service gradually, maybe toward the second half of this year.
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