Ruiyu Li | Senior Director, IR |
Lei Xu | CMO & CEO, JD Retail |
Sandy Xu | CFO |
Eddie Leung | Bank of America Merrill Lynch |
Ronald Keung | Goldman Sachs Group |
Alicia Yap | Citigroup |
Hello, and thank you for standing by for JD.com's Fourth Quarter and Full Year 2020 Earnings Conference Call. [Operator Instructions]. Today's conference is being recorded.
If you have any objections, you may disconnect at this point. I would now like to turn the meeting over to your host for today's conference, Ruiyu Li.