Caroline Dong | Head, Investor Relations |
Philip Kuai | Chairman and Chief Executive Officer |
Beck Chen | Chief Financial Officer |
Ronald Keung | Goldman Sachs Group |
Eddie Leung | Bank of America |
Thomas Chong | Jefferies |
Ashley Xu | Credit Suisse |
Qianlei Fan | Morgan Stanley |
Alicia Yap | Citigroup |
Robin Leung | Daiwa |
Hans Chung | KeyBanc Capital Markets |
Good morning, ladies and gentlemen, and thank you for standing by for Dada's First Quarter 2021 Earnings Conference Call. [Operator Instructions] As a reminder, today's conference call is being recorded. I'd now like to turn the call over to the host for today's call, Ms. Caroline Dong, Head of Investor Relations for Dada. Please proceed, Caroline.