PDD Holdings Inc.

Ladies and gentlemen, thank you for standing by and welcome to PDD Holdings, Inc. Third Quarter 2023 Earnings Conference Call. At this time, all participants were in a listen-only mode. There will be a presentation followed by a question and answer session, at which time if you wish to ask a question, you will need to press star then one on your telephone. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your host today. Please go ahead.

Thank you, operator. Hello, everyone, and thank you for joining us today.

PDD Holdings earnings release was distributed earlier and is available on our website at investor.pddholdings.com, as well as through global newswire services. Before we begin, I would like to refer you to our safe harbor statement in earnings price release. which applies to this call as we will make certain forward-looking statements. Also, this call includes discussions of certain non-GAAP financial measures. Please refer to our earnings release, which contains a reconciliation of non-GAAP measures to GAAP measures. Joining us today on the call are Mr. Chen Lei, our chairman and co-CEO, Mr. Zhao Jiazhen, our executive director and co-CEO, as well as Ms. Liu Jun, our VP of Finance. Lei and Jiazhen will make some general remarks on our performance for the past quarter and our strategic focus. June will then walk us through our financial results for the third quarter ended September 30, 2023. During the Q&A session, Lei and Jiazhen will answer questions in Chinese and will help translate. Please note that the English translation is for reference only. In case of any discrepancy, management statements in the original language should prevail. Now it's my pleasure to introduce our chairman and co-CEO, Chen Lei. Lei, please go ahead.