Dada Nexus Limited

Good morning, ladies and gentlemen, and thank you for standing by for DADA's second quarter 2021 earnings conference call. At this time, all participants are in a listen-only mode. After the management's prepared remarks, there will be a question-and-answer session. As a reminder, today's conference call is being recorded. I will now turn the meeting over to your host for today's call, Ms. Caroline Dong, Head of Investment Relations for DADA. Please proceed, Caroline.

Thank you, operator. Hello, everyone, and thank you for joining us today. Our second quarter 2021 earnings release was distributed earlier today and is available on our IR website at ir.imdata.cn, as well as on Globe News World Services. On the call today from Data, we have Mr. Philip Kwai, Chairman and Chief Executive Officer, Mr. Pat Chen, Chief Financial Officer, and Mr. Jun Yang, Co-Founder and Chief Technology Officer. Mr. Kwai will talk about our operations and company highlights, followed by Mr. Chen, who will discuss the financials and guidance. They will all be available to answer your questions during the Q&A session that follows. Before we begin, I'd like to remind you that this conference call contains forelooking statements as defining the Section 21E of the Security Exchange Act of 1934 and the U.S. Private Security Litigation Reform Act of 1995. These forelooking statements are based upon measurement to current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties, and other factors, all of which are difficult to predict and a matter of which are beyond the company's control. This risk may cause the company's actual results or performance to deform materially. All the information regarding this and other risks, uncertainties, or factors is included in the company's filing with the USFDC. The company does not undertake any obligation to update any forelooking statement as a result of new information, future events, or otherwise, except as required under applicable law. In addition, please note that unless otherwise stated, All figures mentioned during this conference call are in RMB. It is now my pleasure to introduce our Chairman and Chief Executive Officer, Mr. Quai. Philip, please go ahead.

Thank you, Caroline. And thank you all for joining us today.