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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. I would now like to turn the meeting over to your host for today's conference, Sean Zhang, Director of Investor Relations. Please go ahead. Thank you. Good day, everyone. Welcome to JD.com's Q4 and full year 2024 earnings conference call. With us today, It's our CEO of JD.com, Ms. Sandy Xu. She will kick off the call with her ope ...