Fan Liu | Investor Relations |
Yu Gong | Founder and Chief Executive Officer |
Xiaodong Wang | Chief Financial Officer |
Xianghua Yang | Senior Vice President of our Membership Business |
Thomas Chong | Jefferies |
Eddie Leung | Bank of America Merrill Lynch |
Yiwen Zhang | Citi |
Alex Xie | Crédit Suisse |
Zhijing Liu | UBS |
Ladies and gentlemen, thank you for standing by. And welcome to the iQIYI Fourth Quarter and Fiscal Year 2020 Earnings Conference Call. At this time, all participants are in listen-only mode. After the speaker's presentation, there will be a question-and-answer session. [Operator Instructions] I must advise you that today's conference is being recorded.