Jessie Fan | Director of Investor Relations |
Eric Shen | Chairman and Chief Executive Officer |
David Cui | Chief Financial Officer |
Eddie Wang | Morgan Stanley |
Alicia Yap | Citigroup |
Ronald Keung | Goldman Sachs |
Thomas Chong | Jefferies |
Joyce Ju | Bank of America |
Natalie Wu | Haitong International |
Jerry Liu | UBS |
Haitong Zhang | CICC |
Veronika Shen | China Renaissance |
Han Joon Kim | Macquarie Capital |
Ladies and gentlemen, good day, everyone, and welcome to Vipshop Holdings Limited's Fourth Quarter and Full Year 2020 Earnings Conference Call. At this point, I would like to turn the call to Ms. Jessie Fan, Vipshop's Director of Investor Relations. Please proceed.
Thank you, Operator.