Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results of Giant to be materially different from historical results or from any results expressed and implied by such forward-looking statements. These factors include but are not limited to risk discussed in filings with the Securities and Exchange Commission including our annual report on Form 20-F filed on April 23, 2012.
All forward-looking statements are qualified by this cautionary statement, and Giant undertakes no obligation to revise or update this information to reflect events or circumstances after today.
In addition, please note that references in the presentation to dollars refer to U.S. dollars.
Now, I would like to turn the call over to our CFO, Jazy Zhang. Jazy?Jazy ZhangThank you, Rich. Good morning to those of you in Asia and good evening to those of you in the West. I will first read the prepared remarks from our President, Ms. Wei Liu, and then I will walk you through our financial highlights and update you on our game development progress.We are pleased to report that our strong start in 2012 has continued to gain momentum this quarter with continuous sequential growth in both our top and bottom line, which was mainly driven by sustained performance from ZT Online 2. We’re also pleased that the successful release of ZT Online 2 first expansion pack has led the game to new heights and as a result we continue to see an improvement in both active paying accounts and average revenue per user this quarter.We also made a breakthrough in terms of game offering through our collaboration with Qihoo 360 to launch the Micro-Client version of ZT Online 2 changing online on Qihoo 360 platform. This Micro-Client version provides opportunities for less (inaudible) to experience the core element of ZT Online 2 through a much smaller installation game file. Our collaboration with Qihoo 360 will enable us to tap into its large and diverse user base, which will provide us with opportunities to draw new gamers to our titles. Going beyond this collaboration, we look forward to forming more business partnerships and strategic alliances with online platforms in China in the future.Read the rest of this transcript for free on seekingalpha.com
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