JD.com, Inc.

Hello, and thank you for standing by for JD.com's third quarter 2022 earnings conference call. At this time, all participants are in listen-only mode. After 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 it over to your host for today's conference, Shawn Xiong. Please go ahead.

Thank you, Michael. Good evening and good day, everyone. Welcome to JD.com's third quarter 2022 earnings conference call. For today's call, CEO of JD.com, Mr. Lei Xu, will kick off with opening remarks. Our CFO, Cindy Xu, will discuss the financial results. After that, we'll open the call to questions from analysts. I'd like to remind you that during this call, our comments and responses to your questions reflect management's views as of today only. and will include forward-looking statements. Please refer to our latest Safe Harbor statements in earnings press release on our IR website, which applies to this call. We'll discuss certain non-GAAP financial measures. Please also refer to the reconciliation of non-GAAP measures to the comparable GAAP measures in the earnings press release. Also, please note that unless otherwise stated, all figures mentioned in this call are in RMB. With that, I'll turn the call over to Mr. Xu, our CEO. Mr. Xu. Mr. Xu.

many challenges such as supply chain collection In addition to the external environment In the face of a difficult environment Jingdong fully exploits the power of supply chain built over many years and the advantages of a more resilient business model We will do our best to serve consumers and help actual economic participants to improve the certainty of business At the same time, it maintains a healthy growth of its own business And what makes us happy is that the growth quality of Jingdong's business has been realistically improved this year Based on our predictions for the economy and industry at the beginning of the year For the past year, Jingdong has continued to focus on core business, strengthen its own management quality, and pay attention to improving the health of business. We believe that this is the time when external pressure is greater. Companies ensure business stability and ensure the best path for rapid growth when the economy recovers. Therefore, when our business maintains growth, business quality, safety, and profit level are also steadily improved. 2022 has been a year full of challenges, a year both momentous and extraordinary. We have withstood nationwide COVID resurgences, challenging macro conditions,