Jason Shu | IR |
Chen Lei | Chairman and CEO |
Tony Ma | VP, Finance |
Eddy Wang | Morgan Stanley |
Natalie Wu | Haitong International |
Thomas Chong | Jefferies |
Robin Zhu | Bernstein |
Piyush Mubayi | Goldman Sachs |
Good day, and thank you for standing by. Welcome to the Pinduoduo Second Quarter 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.