JD.com, Inc.

or JD.com's fourth quarter and full year 2023 earnings conference call. At this time, all participants are enlisted in the name of the program. After management prepares for the mark, 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, Sean Vang, Director of Investor Relations.

Please go ahead.

Thank you. Good day, everyone. Welcome to GD.com Q4 and full year 2023 earnings conference call. For today's call, CEO of GD.com, Ms. Sandy Xu, will share her opening remarks, and our CFO, Mr. Ian Shen, will discuss the financial results. Then we'll make a call to questions from analysts. Before turning the call over to Sandy, let me quickly cover the safe harbor. Please be reminded that during this call, our comments and responses to your questions reflect management's view as of today only, and will include forward-looking and please refer to our latest Safe Harbor Statement in Earnings Press Release on the 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, all figures mentioned in this call are in RMB and otherwise stated.