JD.com, Inc.

Hello, and thank you for standing by for JD.com's fourth quarter and full year 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. Today's conference is being recorded. If you have any objections, you may disconnect at this time. I would now like to turn the meeting over to your host for today's conference, Mr. Shawn Zhang, Director of Investor Relations. Please go ahead.

Thank you. Good evening and good morning, everyone. Welcome to our fourth quarter and full year 2021 earnings conference call. Joining us on the call today are Mr. Lei Xu, president of JD.com, and Ms. Sandy Xu, our CFO. For today's call, Lei will kick off with opening remarks, and Sandy will discuss the financial highlights. After that, we'll open the call to questions from analysts. Before we continue, let me remind you of today's call will include forward-looking statements. And please refer to our latest Safe Harbor statement in earnings press release on our IR website, which applies to this call. Also during this call, we'll discuss certain non-GAAP financial measures. Please also refer to our earnings release, which contains a reconciliation of non-GAAP measures to the comparable GAAP measures. Finally, please note unless otherwise stated, All figures mentioned in this call are in RMB. And now, I would like to turn the call over to our president, Mr. Xu.

Hello, investors and analysts. Thank you for attending the 4th quarter and the annual phone call meeting of Jingdong Group in 2021. In the 4th quarter, Jingdong has made a significant improvement in the market, consumption, and industry. In this quarter, Jingdong's total revenue increased by 23% above last year's high-end number. And in 2021, we achieved nearly 28% of the total growth of the year. We continue to achieve a growth rate higher than that of the industry, and continue to promote the consumption expansion system. At the same time, through the continuous improvement of technical driving and efficiency, Jingdong also achieved reasonable and healthy profit growth in this quarter. This success proves that Jingdong is not only responsible for the recognition of consumers and partners in cooperation, but also further verifies that the new real estate industry is an important force for the growth of the entire retail industry and the upstream and downstream real estate industry.