Operator Hello, ladies and gentlemen, and thank you, for standing by for Baidu's Fourth Quarter and Full Year 2020 Earnings Conference Call. At this time, all participants are in a listen-only mode. After management's prepared remarks, 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. And I'd now like to turn the meeting over to your host for today's conference, Juan Lin, Baidu's Director of Investor Relations. Juan Lin -- Director of Investor Relations Hello, everyone, and welcome to Baidu's fourth quarter and full year 2020 conference call. Baidu's earnings release was distributed earlier today, and you can find a copy on our website as well as on newswire services.