Jessie Fan | Director of Investor Relations |
Eric Shen | Chairman and Chief Executive Officer |
David Cui | Chief Financial Officer |
Eddy Wang | Morgan Stanley |
Joyce Ju | Bank of America |
Natalie Wu | Haitong International |
Tian Hou | TH Capital |
Ashley Xu | Credit Suisse |
Feitong Zhang | CICC |
Charlie Shen | China Renaissance |
Ladies and gentlemen, thank you for standing by. Good day, everyone, and welcome to the Vipshop Holdings Limited First Quarter 2021 Earnings Conference Call. At this point, I would like to turn the call to Ms. Jessie Fan, Vipshop's Director of Investor Relations. Please proceed, ma'am.