|David Liu||VP of Strategy|
|Tony Ma||VP of Finance|
|Joyce Ju||Bank of America|
|Eddy Wang||Morgan Stanley|
|Piyush Mubayi||Goldman Sachs|
|Natalie Wu||Haitong International|
Thank you, operator. Hello, everyone, and thank you for joining us today. Pinduoduo's earnings release was distributed earlier and it's available on the IR website at investor.pinduoduo.com, as well as through GlobeNewswire services. On today's call, our CEO, Chen Lei will make some general remarks on our performance for the third quarter of 2020 and our strategic focus going forward.
Our VP of Strategy, David Liu, will then elaborate further on our specific strategic initiatives.