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August 15, 2012 9:00 pm ET
Brandi Piacente - President
Onward Choi - Acting Chief Financial Officer
Lei Ding - Founder, Chief Executive Officer and Director
Timothy Chan - Morgan Stanley, Research Division
Rencheng Bao - China International Capital Corporation Limited, Research Division
Mark A. Marostica - Piper Jaffray Companies, Research Division
Atul Bagga - Lazard Capital Markets LLC, Research Division
Wallace Cheung - Crédit Suisse AG, Research Division
William Huang - Barclays Capital, Research Division
Douglas Creutz - Cowen and Company, LLC, Research Division
Good evening, ladies and gentlemen and thank you for standing by. Welcome to the NetEase, Inc. Second Quarter 2012 Earnings Call. [Operator Instructions] This conference is being recorded today, August 15, 2012. I'd like to turn the conference over to Ms. Brandi Piacente. Please go ahead.
Thank you, operator. Please note that the discussion today will contain forward-looking statements relating to future performance of the company and are intended to qualify for the Safe Harbor liability as established by the U.S. Private Securities Litigation Reform Act. Such statements are not guarantees of future performance and are subject to certain risks and uncertainties, assumptions and other factors. Some of these risks are beyond the company's control and could cause actual results to differ materially from those mentioned in today's press release and discussion. A general discussion of the risk factors that could affect NetEase's business and financial results is included in certain filings of the company with the Securities and Exchange Commission, including its annual report on Form 20-F. The company does not undertake any obligation to update this forward-looking information except as required by law. As a reminder, this conference is being recorded. In addition, a webcast replay of this conference call will be available on the NetEase corporate website at ir.netease.com.