Youku.com, Inc. (YOKU) Q2 2012 Earnings Call August 6, 2012 9:00 p.m. EDT Executives Ryan Cheung – Corporate Finance Director Victor Koo – Chairman and CEO Dele Liu – President, Board Director Michael Xu – CFO, SVP Analysts Jin Yoon – Nomura Holdings Jiong Shao – Macquarie Gene Munster – Piper Jaffray Dick Wei – J.P. Morgan Alicia Yap – Barclays Capital Henry Guo – ThinkEquity Long Lin – Brean Murray, Carret & Co. PresentationOperator Ladies and gentlemen, thank you for standing by, and welcome to the Q2 2012 Youku, Inc. earnings conference call. [Operator Instructions]. I must advise you that this conference is being recorded today, August 6, 2012. I would now like to hand the conference over to your speaker for today, Youku Corporate Finance Director, Mr. Ryan Cheung. Sir, please go ahead. Ryan Cheung
Thank you, operator, and welcome to our second quarter 2012 earnings conference call. Let me introduce the management team on the call tonight. They are Chairman and CEO, Victor Koo; our Board Director and President, Dele Liu; and Michael Xu, our Chief Financial Officer and Senior Vice President. For today's agenda, Victor will kick off with an overview of our performance in Q2, key updates and outlook. Dele will walk you through the planning and transition process relating to the pending merger with Tudou. Michael will discuss the second quarter financials and then we'll open the floor for questions. As a reminder, the financial results and webcast of this conference call are all available at the Investor Relations section of the Youku website. A replay of the call will be available on our website in a few hours.