Regina Wang | Senior Investor Relations Analyst |
Feng Zhou | Chief Executive Officer |
Peng Su | Vice President of Strategies and Capital Markets |
Yongwei Li | Vice President of Finance |
Lei Jin | Vice President of Operations |
Brian Gong | Citigroup |
Sheng Zhong | Morgan Stanley |
Alex Xie | Credit Suisse |
Binnie Wong | HSBC |
Thomas Chong | Jefferies |
Good day and welcome to the Youdao 2020 Third Quarter Earnings Conference Call. Today's conference call is being recorded. At this time, I would like to turn the conference over to Regina. Regina , please go ahead.
Thank you, operator.