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August 15, 2012 9:00 pm ET
Guowei Chao - Chief Executive Officer, President and Director
Yu Herman - Chief Financial Officer and Principal Accounting Officer
Richard W. Ji - Morgan Stanley, Research Division
Wallace Cheung - Crédit Suisse AG, Research Division
Alicia Yap - Barclays Capital, Research Division
Jiong Shao - Macquarie Research
Ravi Sarathy - Citigroup Inc, Research Division
Tian X. Hou - T.H. Capital, LLC
Eddie Leung - BofA Merrill Lynch, Research Division
Yu Jin - China International Capital Corporation Limited, Research Division
Good day, ladies and gentlemen, and welcome to SINA Corporation's Second Quarter 2012 Earnings Conference Call. [Operator Instructions] I would now like to turn the presentation over to your host for today's conference, Ms. Cynthia [ph] Feng, Investor Relations Associate. Please go ahead, ma'am.
Thank you. Good morning. Welcome to SINA's earnings release for the second quarter 2012. Joining me today, our President and CEO, Charles Chao; and our Chief Financial Officer, Herman Yu. This conference call is also being broadcast on the Internet and is available through the Investor Relations section of the SINA website.
Before the management presentation, I would like to read you the Safe Harbor statement in connection with today's conference call. During the course of this conference call, we may make forward-looking statements, statements that are not historical facts, including statements about our beliefs and expectations. Forward-looking statements involve inherent risks and uncertainty. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statements. SINA assumes no obligation to update the forward-looking statements in this conference call and elsewhere. Further information regarding these and other risks is included in SINA's annual report on Form 20-F for the year ended December 31, 2011, and its other filings with the Securities and Exchange Commission.