Chen Lei | Chairman & Chief Executive Officer |
Liu Jun | Vice President, Finance |
Joyce Ju | Bank of America |
Thomas Chong | Jefferies |
Ellie Jiang | Macquarie |
Kenneth Fong | Credit Suisse |
Ladies and gentlemen, thank you for standing by. Welcome to PDD's Third 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.