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20-Jul-2017 11:36 by 3 Comments

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[Foreign Language] Before turning the call over to Wang Li, I like to share with you some of our recent observations in the live streaming market and the strategic thinking with regards to those trends.

In November, we released a new Quick Chat experience called Quick Chat plus with the discovery page where users can check out the profile pages and video self-introductions of the different chatters before they decide whether to initiate a chat request or not.

In the month of September, short video penetration rate reached 62%, up from 49% three months ago.

These numbers show that short video has been deeply integrated into different social experiences and become an important medium through which our users can discover and make new connections.

Moreover, in mid-August we test launched an audio based launch streaming service called Momo Radio.

Initial data shows that the new feature is streaming in new users to the live streaming service.

In that regards, we will in the future push harder to enhance constant offerings, as well as talent development.

That will translate into several new priorities of ours.

[Foreign Language] In the new version, we continue to make video the Centre piece across different product modules on our platform.

In the third quarter, we fully rolled out the new algorithm powering our video content recommendation engine.

[Operator Instructions] Please note this conference is being recorded today. Wang Li, Co-President and Chief Operating Officer; and Mr. They will all be available to answer your questions during the Q&A session that follows. Adjusted net income for the quarter reached .75 million, up 89% from the same period last year.

I would now like to hand the conference over to your first speaker today Ms. Before we begin, I would like to remind you that this call may contain forward-looking statements made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. [Foreign Language] Now a deep dive into the quarter. Total MAUs on Momo platform reached 94.4 million for the quarter, up 22% year-over-year and representing 3.1 million net additions from the previous quarter.

Looking into December and further into 2018, we are optimistic about the growth prospects in our MAUs.