It is a great pleasure and honor for me to be invited to the Global Smart Logistics Summit. I would like to specially thank the CaiNiao network for inviting me and our partners in Alibaba, with whom we are working together on finance for women entrepreneurs, and on researching how we can make ecommerce work for poverty alleviation. The World Bank Group is an international organization with the goal to eradicate poverty and share prosperity in every country in the World. We were founded in 1944 and have been working with China since 1981. Since that time, China lifted more than 800 million people out of poverty, a number that accounts for three quarter of the total reduction in poverty in the world. An astonishing achievement Why does the World Bank care about logistics?