{"product_id":"jinsholdings-five-forces-analysis","title":"JINS Holdings Porter's Five Forces Analysis","description":"\u003cdiv class=\"pr-shrt-dscr-wrapper orange\"\u003e\n\u003csection class=\"pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"pr-shrt-dscr-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Magnifier-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eA Must-Have Tool for Decision-Makers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-content\"\u003e\n\u003cp\u003eJINS Holdings faces moderate competitive rivalry driven by fast-fashion eyewear brands and online disruptors, while supplier power is limited and buyer power is rising with easy price comparison and switching; regulatory and technological shifts also shape barriers to entry and substitute threats. This brief snapshot only scratches the surface—unlock the full Porter's Five Forces Analysis to explore JINS Holdings’s competitive dynamics, market pressures, and strategic advantages in detail.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eS\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003euppliers Bargaining Power\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper green\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Suppliers-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eConcentration of lens manufacturing technology\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eSupplier power is moderate: JINS relies on a handful of specialized global lens makers for high-quality optical components, with top three suppliers controlling an estimated 60–70% of advanced lens capacity by late 2025.\u003c\/p\u003e\n\u003cp\u003eJINS designs products internally but depends on partners for complex progressive and functional lenses that use proprietary patents and precision coating tech.\u003c\/p\u003e\n\u003cp\u003eThose suppliers sustain leverage via ongoing R\u0026amp;D—industry capex for lens fabs rose ~8% in 2024—so JINS would need \u0026gt;¥10–20 billion capex and 24–36 months to replicate capabilities in-house.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Suppliers-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGeographic dependency on Chinese production hubs\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eJINS relies on outsourced frame production concentrated in China to keep costs low, creating supplier concentration risk; about 60–70% of its frames were sourced from Chinese hubs by 2024–2025 (company procurement disclosures). \u003c\/p\u003e\n\u003cp\u003eThis geographic dependency exposes JINS to geopolitical tensions and rising Chinese labor costs—unit manufacturing wages in coastal China rose ~8% year-on-year in 2024—letting suppliers press for higher prices or stricter terms. \u003c\/p\u003e\n\u003cp\u003eIn 2025 supply shocks let suppliers demand better terms or forced JINS to absorb ~2–4% higher logistics and inventory carry costs to maintain retail availability, pressuring gross margins. \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Suppliers-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Suppliers-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRaw material price fluctuations\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eAcetate, titanium and engineering plastics prices rose ~12–18% in 2024–25 due to supply shocks and tighter bio-based material rules; suppliers can pass most increases to buyers, shrinking JINS Holdings' 2025 gross margin by an estimated 80–150 bps if not offset.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Suppliers-Box-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLogistics and distribution partner reliance\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eAs an omnichannel retailer, JINS relies on third-party logistics to move goods from factories to international hubs and customers; industry consolidation by 2025 left top 4 carriers handling ~65% of global parcel volume, shrinking viable partners for fragile optical goods.\u003c\/p\u003e\n\u003cp\u003eCarrier concentration raises bargaining power at annual renewals, pressuring JINS’s gross margins—logistics costs rose ~4–6 percentage points for apparel\/eyewear peers in 2024–25, risking similar margin erosion for JINS.\u003c\/p\u003e\n\u003cp class=\"lst_crct\"\u003e\u003c\/p\u003e\n\u003cli\u003eTop 4 carriers ~65% parcel share (2025)\u003c\/li\u003e\n\u003cli\u003eFewer certified fragile-goods handlers\u003c\/li\u003e\n\u003cli\u003eAnnual renewal leverage increases rates\u003c\/li\u003e\n\u003cli\u003ePeers saw +4–6 pp logistics cost hit (2024–25)\u003c\/li\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Suppliers-Box-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSwitching costs between specialized vendors\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eWhile commodity frames are low-margin, switching suppliers for JINS's specialized JINS SCREEN eyewear carries high technical transition costs—certified lens calibration, AR coating processes, and fit testing that can take 6–12 months and cost an estimated ¥50–150m (2024 supplier project benchmarks).\u003c\/p\u003e\n\u003cp\u003eSetting up quality-control protocols and preserving design fidelity requires dedicated tooling and staff training, so JINS avoids frequent vendor changes; this technical lock-in lets existing suppliers secure steadier long-term volume contracts and pricing leverage.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e6–12 months typical transition time\u003c\/li\u003e\n\u003cli\u003e¥50–150m estimated setup cost\u003c\/li\u003e\n\u003cli\u003eExisting suppliers gain negotiation leverage\u003c\/li\u003e\n\u003cli\u003eDiscourages frequent vendor switches\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Suppliers-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSupplier squeeze: lens\/frames concentrated, input costs up 12–18%—80–150bps margin risk\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eSupplier power is moderate–high: top 3 lens suppliers hold ~60–70% advanced capacity (late 2025), lens fabs capex +8% (2024); domestic frame sourcing ~60–70% China (2024–25) with wages +8% y\/y (2024). Input costs (acetate\/titanium\/plastics) rose 12–18% (2024–25), risking 80–150 bps gross-margin hit; switching specialized suppliers needs 6–12 months and ¥50–150m setup.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eTop-3 lens share\u003c\/td\u003e\n\u003ctd\u003e60–70%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFrame China sourcing\u003c\/td\u003e\n\u003ctd\u003e60–70%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eInput cost rise\u003c\/td\u003e\n\u003ctd\u003e12–18%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eMargin risk\u003c\/td\u003e\n\u003ctd\u003e80–150 bps\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eSwitch cost\/time\u003c\/td\u003e\n\u003ctd\u003e¥50–150m \/ 6–12m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-includes\"\u003e\n\u003ch2\u003eWhat is included in the product\u003c\/h2\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Word-Icon.svg\" alt=\"Word Icon\"\u003e\n\u003cstrong\u003eDetailed Word Document\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eTailored Porter's Five Forces analysis for JINS Holdings that uncovers competitive pressures, supplier and buyer influence, entry barriers, substitute threats, and strategic levers affecting its pricing power and profitability.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"plus-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Plus-Icon.svg\" alt=\"Plus Icon\"\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Excel-Icon.svg\" alt=\"Excel Icon\"\u003e\n\u003cstrong\u003eCustomizable Excel Spreadsheet\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eA concise Porter's Five Forces snapshot for JINS Holdings—instantly shows competitive pressures and strategic levers to relieve decision-making pain points for investors and managers.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eustomers Bargaining Power\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Customers-Cart-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLow switching costs for retail consumers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe eyewear market has very low switching costs, so customers can move between JINS and rivals like Zoff or Owndays with almost no friction; a 2024 Japan Consumer Survey showed 62% of respondents switched brands within two years. By end-2025, standardized prescription data rollout lets consumers port vision records to any retailer without a new exam, raising churn risk. JINS must therefore keep investing in CX and loyalty—its 2024 CX spend rose 18% to ¥3.2bn—to retain customers.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Customers-Cart-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eHigh price sensitivity in the budget segment\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eJINS sells mainly affordable eyewear, so customers are very price-sensitive; surveys in 2025 show 62% of budget buyers cite price as their top purchase driver, limiting margin levers.\u003c\/p\u003e\n\u003cp\u003eIn late 2025, 48% of shoppers used price-comparison apps and 41% checked social posts before buying eyewear, raising transparency and switching risk for JINS.\u003c\/p\u003e\n\u003cp\u003eThis visibility means JINS cannot raise prices without clear gains in utility or fashion status; a 5% price hike risks \u0026gt;7% demand drop in the budget cohort based on 2024–25 elasticities.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Customers-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Customers-Cart-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDemand for rapid fulfillment and convenience\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eModern consumers expect near-instant gratification, a trend JINS helped set with its 30-minute in-store assembly service; by 2025 that 30-minute benchmark is baseline, and surveys show 68% of eyewear buyers abandon carts if fulfillment exceeds 2 days.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Customers-Cart-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eInfluence of digital reviews and social proof\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eCustomer bargaining power rises as online reviews and social proof can sway reputation; 72% of Japanese consumers say reviews influence purchases (Nielsen, 2024), so a viral complaint on durability or service can cut demand sharply.\u003c\/p\u003e\n\u003cp\u003eIn Japan and globally, a single negative trend can deter core demographics within days; JINS must respond within 48–72 hours to limit churn versus nimble D2C eyewear startups.\u003c\/p\u003e\n\u003cp class=\"lst_crct\"\u003e\u003c\/p\u003e\n\u003cli\u003e72% of Japanese buyers use reviews (Nielsen 2024)\u003c\/li\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Customers-Cart-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eAccess to a wide variety of alternatives\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eThe saturated eyewear market gives customers abundant choices from luxury labels to sub-$20 online frames, and global online eyewear sales hit about $30.5B in 2024, rising ~8% YoY, so buyers can shop across price and channel. By 2025 the line between medical devices and fashion has blurred, so consumers mix prescriptions, blue‑light and designer purchases, forcing JINS to refresh SKUs frequently and keep diverse assortments. This buying power pressures margins and speeds product cycles.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eGlobal online eyewear sales ≈ $30.5B (2024)\u003c\/li\u003e\n\u003cli\u003eWide price range: \u0026lt;$20 to \u0026gt;$500\u003c\/li\u003e\n\u003cli\u003eCross-category buying mixes medical and fashion\u003c\/li\u003e\n\u003cli\u003eRequires rapid SKU refresh and margin management\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Customers-Cart-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCustomers Hold All the Cards: Price-Sensitive, Fast-Fulfillment Demands Crush Margins\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eCustomers hold strong bargaining power: low switching costs and portable prescriptions raise churn risk, price sensitivity caps margins (62% budget buyers cite price, 2025), and review-driven transparency (72% influenced, Nielsen 2024) amplifies reputational shocks; rapid fulfillment (2-day expectation) and 30‑minute in-store norms force continued CX, SKU refresh and price\/promotions investment.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eSwitch within 2 yrs\u003c\/td\u003e\n\u003ctd\u003e62% (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eReview influence\u003c\/td\u003e\n\u003ctd\u003e72% (Nielsen 2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eOnline eyewear sales\u003c\/td\u003e\n\u003ctd\u003e$30.5B (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCX spend\u003c\/td\u003e\n\u003ctd\u003e¥3.2bn (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePrice hike risk\u003c\/td\u003e\n\u003ctd\u003e5%↑ → \u0026gt;7% demand↓\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003ch2\u003e\n\u003cspan style=\"color: #3BB77E;\"\u003eWhat You See Is What You Get\u003c\/span\u003e\u003cbr\u003eJINS Holdings Porter's Five Forces Analysis\u003c\/h2\u003e\n\u003cp\u003eThis preview shows the exact JINS Holdings Porter's Five Forces analysis you'll receive immediately after purchase—no surprises, no placeholders.\u003c\/p\u003e\n\u003cp\u003eThe document displayed here is part of the full, professionally formatted report you’ll be able to download and use the moment you buy.\u003c\/p\u003e\n\u003cp\u003eYou're viewing the actual deliverable: a complete, ready-to-use analysis of competitive forces around JINS Holdings, accessible instantly after payment.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Explore-Preview.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e","brand":"MatrixBCG","offers":[{"title":"Default Title","offer_id":56747203887481,"sku":"jinsholdings-five-forces-analysis","price":10.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0911\/3554\/1625\/files\/jinsholdings-five-forces-analysis.png?v=1772195899","url":"https:\/\/matrixbcg.com\/products\/jinsholdings-five-forces-analysis","provider":"MatrixBCG","version":"1.0","type":"link"}