WeTime is our mobile-only second platform focused on child development, designed with the dual purposes of an image-rich social recording medium and an online depositary of early education content and tools with a marketplace approach. We envision WeTime as a natural extension of our flagship Babytree Parenting platform, extending the life cycle of our users and further broadening our user base.

The Highlight of WeTime is social recording. Our users can post photos and videos of their babies or otherwise record family life, and share them easily, attracting fathers, grandparents, other family members and friends into our community. On Babytree Parenting, users can also include photos and videos in their community postings. As of June 30, 2018, our users had uploaded over 1 billion photos (including user profile photos) and more than 41 million short videos on our platforms.

We will also invest more resources in WeTime to accelerate its ascendance as a premier child development platform. We will identify quality providers of early education content and tools and attract them to join our WeTime platform, so that we could further broaden our user base and lengthen and deepen our user experience.