Q4 2019 Pinduoduo Inc Earnings Call Transcript
Ladies and gentlemen, thank you for standing by and welcome to the Pinduoduo 4Q 2019 Earnings Conference Call. (Operator Instructions) I must advise you that this conference is being recorded.
I'd now like to hand the conference over to your first speaker today, Ms. Xin Yi Lim, Director of IR. Thank you. Please go ahead.
Thank you, Rachel.
Hello, everyone, and thank you for joining us today. Pinduoduo's earnings release was distributed earlier and is available on the IR website at investor.pinduoduo.com as well as through GlobeNewswire services.
Before we begin, I'd like to remind you that this conference contains forward-looking statements within the meaning of SECTION 21E of the U.S. Securities Exchange Act of 1934 as amended and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminologies such as will, anticipate and similar statements. Such statements are based upon management's current expectations and
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