Shuang Liu | CEO & Director |
Edward Lu | CFO |
Xueru Zhang | 86Research |
Alice Tang | First Shanghai |
Ladies and gentlemen, thank you for standing by, and welcome to the Phoenix New Media Third Quarter 2021 Earnings Call. [Operator Instructions]. I must advise you that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Muzi Quo [ph] from Investor Relations. Thank you.