Caroline Dong | Head, IR |
Philip Kuai | CEO, Founder & Chairman |
Beck Chen | CFO |
Ronald Keung | Goldman Sachs Group |
Eddie Leung | Bank of America Merrill Lynch |
Thomas Chong | Jefferies |
Ashley Xu | Crédit Suisse |
Alicia Yap | Citigroup |
Jasmine Wu | Haitong International |
Robin Leung | Daiwa Securities |
Good morning, ladies and gentlemen, and thank you for standing by for Dada's Fourth Quarter 2020 Earnings Conference Call. [Operator Instructions].
As a reminder, today's conference call is being recorded. I will now turn the meeting over to your host for today's call, Ms. Caroline Dong, Head of Investor Relations for Dada.