Qing Liu | Investor Relations |
Shuang Liu | Chief Executive Officer |
Edward Lu | Chief Financial Officer |
Binbin Ding | JPMorgan |
Frank Chen | Macquarie |
Carmen Zhang | First Shanghai Securities |
Good day and thank you for standing by. Welcome to the Phoenix New Media First Quarter 2021 Earnings Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today’s conference is being recorded.