Weibo Corporation

Ladies and gentlemen, thank you for standing by, and welcome to the Weibo report's third quarter 2020 financial results conference call. At this time, all participants are in listen-only mode. After speaker's presentation, there will be a question and answer session. To ask questions during the session, you will need to press star 1 on your telephone. I would now like to hand the conference over to your first speaker today, Sandra Zhang. Thank you. Please go ahead.

Thank you, Operator. Welcome to Weibo's Third Quarter 2020 Earnings Conference Call. Joining me today are our Chief Executive Officer, Gaofei Wang, and our VP, Finance and Insurance Director, Fei Cao. The conference call is also being broadcasted on the internet, and it's available through Weibo's IR websites. Before the management remarks, I'd like to read the State Harbor Statement in connection with today's conference call. During today's conference call, We make forward-looking statements, statements that are not historical facts, including statements of our beliefs and expectations. Forward-looking statements involve inherent risk and uncertainty. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. We both assume no obligation to update a forward-looking statement in this conference call and elsewhere. Further information regarding this and other risks is included in the WABOR's annual report on 20F and other findings with the SEC. All the information provided in this press release is occurring as of the date here. WABOR assumes the obligation to update this information, except as required under applicable law. Additionally, I would like to remind you that our discussion today includes certain non-GAAP measures which includes stock-based compensation and certain other expenses. We use non-debt financial measures to gain a better understanding of Weibo's comparative operating performance and future prospects. Our non-debt financials include certain expenses, gains or losses, and other items that are not expected to result in future cash payments. or are not non-recurring in nature, or are not indicative of our core operating results as we all look. Please refer to our press release for more information about our non-gap measures. Slowing management prepare remarks. We'll open the lines for a brief Q&A session. With this, I would like to turn the call over to our CEO, Gao Fei Wang.

Hello, everyone. Welcome to the Weibo call conference.