Trip.com Group Limited

Hello, everyone. Thank you for standing by. Welcome to TIP.com Group 2023 Q2 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session, and which time, if you wish to ask a question, you can press star 11 and wait for a name to be announced. I must advise you that today's conference is being recorded. With that, I'd like to now hand the call over to your host today, Ms. Michelle Chee, Investor Relations Director. Thank you. Please go ahead.

Thank you. Thank you all. Good morning, and welcome to CryptoCom Group's second quarter of 2023 earnings conference call. Joining me today on the call are Mr. James Liang, Executive Chairman of the Board, Ms. Jen Sun, Chief Executive Officer of and Ms. Cindy Wong, Chief Financial Officer. During this call, we will discuss our future outlook and performance, which are forward-looking statements made under the safe harbor provisions of the U.S. Private Security Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties. As such, our results may be materially different from the views expressed today. A number of potential risks and uncertainties are outlined in Crypto.com Group's public filing with the Security and Exchange Commission. Crypto.com Group does not undertake any obligation to update any forward-looking statement, except as required under applicable law. James, Jen, and Cindy will share our strategy and business updates, operating highlights, and financial performance for the second quarter of 2023. as well as the outlook for the third quarter of 2023. After the prepared remarks, we will have a Q&A session. With that, I will turn the call over to James. James, please.

Thank you, Michelle. Thank you, everyone, for joining us on the call today. Throughout the second quarter, China's travel industry has experienced a notable resurgence supported by unwavering travel demand. All this has continued to set new record highs in the overall hotel and air bookings, spearheading the market recovery. In China, travel demand has remained resilient as a result of a shift in consumer spending away from goods and into service. There has been a strong rebound in both our domestic and international business. While air capacity is still limited, travelers' desire to gear up and venture worldwide remain intense. The recently expanded list of outbound group tour destinations and additional international flights are potential booms for international travel. We are confident that the encouraging trend of outbound travel recovery will persist into the future. to travelers' passion and fulfill their evolved needs for unique and personalized experiences. We have launched an array of AI-powered tools as we embrace innovative ways to provide enhanced user experience. Users can chat with our upgraded AI assistant, Tripogeny, for bespoke interdisciplinary crafting and can now go directly to the product booking pages. They can also get inspirations and select the best experiences from our AI-powered curated lists, which cater to users' diverse needs and preferences by capturing real-time information in our big data. These AI-powered content marketing tools also open up new ways for our partners to highlight their offerings to a captivated audience. We'll continue to explore and unlock the potential of leveraging AI to help travelers enjoy the best booking experience and pursue their perfect trip. To conclude, we are encouraged by the strong travel demand so far and we'll continue to enhance our offerings and be prepared to capture the opportunities ahead. With that, I will turn the call over to James for operational highlights.