Chen Lei | Chairman & Chief Executive Officer |
Liu Jun | Vice President, Finance |
Kenneth Fong | Credit Suisse |
Joyce Ju | Bank of America |
Thomas Chong | Jefferies |
Bai Yang | CICC |
Natalie Wu | Haitong International |
Ladies and gentlemen, thank you for standing by, and welcome to Pinduoduo's Second Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. There will be a presentation, followed by a question-and- answer session. [Operator Instructions] I must advise you that this conference is being recorded today. I would now like to hand the conference over to your host today, Mr.