Ruiyu Li | Senior Director of IR |
Sandy Xu | CFO |
Jainwen Liao | Chief Strategy Officer |
Wang Zhenhui | CEO, JD Logistics |
Xu Lei | CMO & CEO, JD Retail |
Ronald Keung | Goldman Sachs Group |
Thomas Chong | Jefferies |
Jin Yoon | New Street Research |
Gregory Zhao | Barclays Bank |
Eddie Leung | Bank of America Merrill Lynch |
Alicia Yap | Citigroup |
Jerry Liu | UBS Investment Bank |
James Lee | Mizuho Securities |
Jialong Shi | Nomura Securities |
Eddy Wang | Morgan Stanley |
Hello, and thank you for standing by for JD.com's Third Quarter 2020 Earnings Conference Call. [Operator Instructions]. I'd now like to turn the meeting over to your host for today's conference, Ruiyu Li.
Thank you, operator, and welcome to our third quarter 2020 earnings conference call.
Joining today on the call are Mr.