Q2 2024 Weibo Corp Earnings Call

August 22, 2024

Can only mode. After the speaker's presentation, there will be a question and answer session.

In a listen only mode. After the speaker's presentation, there will be a question and answer session.

Speaker Change: Ask a question during the session you will need to press star one one on your telephone you will then hear an automated message of busting their harness race to withdraw your question. Please press star one on one again, please be advised that today's conference is being recorded I would now.

Sandra Tong: Ask a question during the session you will need to press star one one on your telephone you will then hear an automated message of busting their hardness rice to withdraw your question. Please press star one on one again please be advised that today's conference is being recorded I would now like to hand, the call Bruce over to your speaker today Sandra Tong.

Speaker Change: I would like to hand, the call first over to your speaker today Sandra Zhang. Please go ahead.

Speaker Change: Please go ahead.

Speaker Change: Oh.

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Sandra Zhang: Thank you operator, welcome to Weibo's second quarter 2024 earnings Conference call.

Sandra Tong: Thank you operator, welcome to Weibo's second quarter 2024 earnings Conference call. Joining me today are Chief Executive Officer Coffee Wong.

Speaker Change: With me today are Chief Executive Officer Coffee Wong.

Speaker Change: Our Chief Financial Officer Faith Health.

Sandra Tong: Our Chief Financial Officer Faith Health.

Speaker Change: This conference call is also being broadcast on the Internet.

Sandra Tong: This conference call is also being broadcast on the Internet and this.

Speaker Change: Available through Weibo's IR website.

Sandra Tong: Available through Weibo's IR website.

Speaker Change: Before the management remarks, I would like to review the Safe Harbor statement in connection with today's conference call during.

Speaker Change: During today's conference call. We may make forward looking statements statements that are not historical facts, including statements of our beliefs and expectations.

Speaker Change: Forward looking statements involve inherent risks and uncertainties.

Speaker Change: Number of important factors could cause actual results to differ materially from those contained in any forward looking statements.

Speaker Change: <unk> assumes no obligation to update forward looking statements in this conference call and elsewhere.

Speaker Change: <unk> assumes no obligation to update our forward looking statements in this conference call and elsewhere.

Speaker Change: Further information regarding these and other risk is included in Weibo's annual report on form 20-F, and other filings with SEC.

Speaker Change: All information provided in this press release is occurring as of the date hereof.

All the information provided in this press release is occurring as of the date hereof.

Speaker Change: Weibo assumes no obligation to update such information.

Speaker Change: <unk> assumes no obligation to update such information, except as required under applicable law.

Speaker Change: As required under applicable law.

Speaker Change: Additionally, I would like to remind you that our discussion today includes certain non-GAAP measures, which excludes stock based compensation and certain other expenses, we use non-GAAP financial measures to gain a better understanding of Weibo's comparative operating performance and future prospects.

Speaker Change: Additionally, I would like to remind you that our discussion today includes certain non-GAAP measures.

Speaker Change: Which excludes stock based compensation and certain other expenses.

Speaker Change: We use non-GAAP financial measures to gain a better understanding of Weibo's comparative operating performance and future prospects, our non-GAAP financials exclude certain expenses gains or losses and other items that are not expected to result in future cash payments or non recurring in nature or are not indicative of our core.

Speaker Change: Our non-GAAP financials exclude certain expenses gains or losses and other items that are not expected to result in future cash payments or non recurring in nature.

Speaker Change: Indicative of our core operating results and outlook. Please refer to our press release for more information about our non-GAAP measures.

Speaker Change: Core operating results and outlook.

Speaker Change: Refer to our press release for more information about our non-GAAP measures.

Gaofei Wang: <unk> management prepared remarks, we will open the lines for a brief Q&A session with this I would like to turn the call over to our CEO coffee wrong.

<unk> Wang: Hello, Ian mentioned in prepared remarks, we will open the lines for a brief Q&A session with this I would like to turn the call over to our CEO <unk> Wang.

Speaker Change: Sure.

Speaker Change: Yes.

Speaker Change: Chip.

<unk> Wang: Sure.

Speaker Change: By now everyone have all the RP.

Speaker Change: By now everyone have all geography.

Speaker Change: Thank you Hello, everyone welcome to Weibo's earnings Conference call.

Speaker Change: Hello, everyone welcome to Weibo's earnings Conference call.

Speaker Change: This is appropriate within the auto immune to yourself or from your <unk>.

Speaker Change: Business have operated with Shanghai auto immune to yourself or from your approach at all LIBOR triangle Biopharma and agenda.

Speaker Change: Just trying to Biopharma and agenda.

Speaker Change: Today, I will share with you highlights in Weibo's product monetization in the second quarter of 2024.

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Speaker Change: Thank you Lee with usually the quarter, where you would have had a huge reduction in June.

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Speaker Change: We're able to do that.

Speaker Change: Able to do that.

Speaker Change: I'll now turn it over to the charterer.

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Speaker Change: On the use of phones by the end of the second quarter, we wish <unk> reached $583 million and average da use reached $256 million in license an already sizeable user community and a material use of mine site. We had proactively adjusting all uses dropped this year with more channel budget allocated.

Speaker Change: On the user from by the end of the second quarter, we wish <unk> reached $583 million and average da use reached $256 million in line with an already sizeable user community and a material use of mine site. We had proactively adjusting all uses dropped this year with more channel bucket allocate.

Speaker Change: Through the acquisition and engagement of the high quality users this quarter, our du British I mean ratios increased year over year and quarter over quarter, reflecting further improvement of user engagement.

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Speaker Change: This liquidity issue largely due to a true convenience and all that with you.

Speaker Change: This liquidity issue largely due to a true dominions and all that.

Speaker Change: So I'm, giving you a short term revenue.

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Speaker Change: Also China, who nearly doubled.

Speaker Change: Louis mentioned.

Speaker Change: Really really we've been concerned it can be built here.

Speaker Change: Really really concerned it won't be built.

Speaker Change: On the monetization front in the past two years, we have been focusing on combining with heartworm products with advertising marketing demand and thus a wholesale marketing has been recognized by a wider range of industries and advertisers in the second quarter. Our total revenues reached $437 9 million.

Speaker Change: On the monetization front in the past two years, we have been focusing on combining with heartworm products, which advertising marketing demand and thus a wholesale marketing has been recognized by a wider range of industries and advertisers in the second quarter. Our total revenues reached $437 9 million.

Speaker Change: Dollar of which our AD revenues reached $375 3 million U S dollar.

Speaker Change: U S dollar of which our revenues reached $375 3 million U S. Dollar on a constant currency basis. Our total revenue would have increased 1% year over year and our AD revenues would have decreased 1% year over year.

Speaker Change: On a constant currency basis, our total revenue would have increased 1% year over year and our AD revenues would have decreased 1% year over year.

Speaker Change: Our non-GAAP operating income reached $157 6 million U S dollar representing a non-GAAP operating margin of 36% a modest pickup year over year or traditional out here people argued all the time.

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Speaker Change: Harping on the Ocean hygiene Looney tunes <unk> Sean.

Speaker Change: Sure.

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Speaker Change: Yes.

Next let me share with you progress made in part of the monetization in the second quarter in 2024, we still focus on growing user scale and engagement strengthening the competitiveness of content ecosystem and improving operating efficiency as a key strategy our strategic objectives.

Speaker Change: Next let me share with you progress made in part of the monetization in the second quarter in 2024, we still focus on growing user scale and engagement strengthening the competitiveness of content ecosystem and improving operating efficiency is a key strategy our strategic objectives.

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Speaker Change: We are trying to offer that to them.

Speaker Change: We're trying to work either in Q1, which is.

Speaker Change: Yeah.

Speaker Change: On the channel front, we maintained close cooperation with handset manufacturers focusing on the acquisition of heavily users and promotion of user engagement. We also invested to further refine accuracy of algorithm and targeting capability of our business model in order to create enriched content offerings for our channel users and.

Speaker Change: On the channel front, we maintained close cooperation with handset manufacturers focusing on the acquisition of high value users and promotion of this engagement. We also invested to further refine accuracy of algorithm and targeting capability of our business model in order to create enriched content offerings for our channel users and <unk>.

Speaker Change: Increase their user engagement, which laid foundation for monetization.

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Speaker Change: Due to the change in LIBOR you Jonathan.

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Speaker Change: On social attributes in the second quarter, we are leveraging our relationship based feed to further recover vertical content ecosystem, we strengthened the interaction between kols and increase their use of thickness and improve user interaction efficiency of relationship based feed. Meanwhile, this year, we have <unk>.

Speaker Change: Sure.

Speaker Change: Investing in user generated content by improving the growth path of high quality UTC in weibo to encourage more quality content generation around vertical content and boost user engagement.

Speaker Change: <unk> user generated content by improving the growth path of high quality UTC in weibo to encourage more quality content generation around vertical content boost user engagement.

Speaker Change: In terms of user interest sharing we further strengthen super topic community as a core domain for users to share of interest related to content in.

Speaker Change: In terms of user interest sharing we further strengthen super topic community as our core domain for user to a share of interest related to content in.

Speaker Change: In the first half of this year use of social interaction increased significantly with double digit growth year over year.

Speaker Change: For example, during the first half of this year, we increased we increased our interaction between celebrity and by.

Speaker Change: By expanding campaigns of celebrity and their work ethic.

Speaker Change: By expanding campaigns of celebrity in the works.

Speaker Change: As a result in the second quarter, the number of average daily users, who posted and a number of posts in the entertainment related super topic increased over 50% year over year, respectively.

Speaker Change: Our result in the second quarter, the number of average daily users, who posted and the number of posts in the entertainment related Super topic increased over 50% year over year, respectively.

Speaker Change: In terms of the daily life sharing content by ordinary users, we improved the distribution mechanism for those high quality content to be fairly distributed in core fees and helped us consistently generate content to accumulate fan base for.

Speaker Change: In terms of the daily life sharing content by ordinary user.

Speaker Change: <unk> improved the distribution mechanism for those high quality content to be fairly distributed in core fees and help gives us consistently generate content to accumulate fan base.

Speaker Change: For instance, in the second quarter, we launched our Weibo photography.

Speaker Change: To select high quality UTC photography around daily life, aiming to encourage all users to record and share their daily life in multiple dimensions. During the first campaign in May and June nearly 500000 users share the photography and contributed over $2 1 million.

Speaker Change: To select high quality UGC photography around daily life, aiming to encourage users to record and share their daily life in multiple dimensions. During the first campaign in May and June nearly 500000 users share their photography and contributed over $2 1 million.

Speaker Change: The top photo glass, attracting over 3 million users to engage and interact.

Speaker Change: So with that format.

Speaker Change: And with that partner.

Speaker Change: Thank you Shawn can children traumatic between them in the future shop, Tony there. So much future you will see summary.

Speaker Change: Thank you, Sean Peche syndrome traumatic to them in the future shop 20, additional mature you will ship.

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Speaker Change: June compassion to many of the Porsche and a team with younger Shanghai sharp.

Speaker Change: On the content ecosystem front in the second quarter, while maintaining our competitiveness in the IP related content ecosystem approach and entertainment that we focus on increasing investment in verticals, such as digital products automotive gain fashion and beauty and healthcare to enhance weibo.

Speaker Change: On the content ecosystem front in the second quarter, while maintaining our competitiveness in the IP related content ecosystem approach and entertainment that we focus on increasing investment in verticals, such as digital products, automotive and fashion and beauty and healthcare to enhance <unk>.

Speaker Change: Competitiveness in our content ecosystem and further improved monetization efficiency.

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Speaker Change: On Hudson of IP ecosystem in the second quarter with the release of powerful entertainment work, we leverage our advantage of snappy incense and entertainment works as well as fans interaction across verticals.

On Hudson of IP ecosystem in the second quarter with the release of powerful entertainment work, we leverage our advantage of celebrity and entertainment works as well as fans interaction across verticals.

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Speaker Change: We encourage more user to consume and discuss around entertainment contents.

Speaker Change: We encourage more user to consume and discuss around entertainment content as a result, the number of user interaction and the entertainment vertical increased double digit year over year.

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As a result, the number of user interaction and the entertainment vertical increased double digit year over year.

Speaker Change: For example in the second quarter, we reached in in depth cooperation with the music variety shows our 2024 of Hunan TV TV station on cross screen live streaming and real time hot topics to achieve user interactions.

Speaker Change: For example in the second quarter, we reached in in depth cooperation with the music variety shows <unk> 2024 of Hunan TV TV station on cross screen live streaming and real time hot topics to achieve user interactions.

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Speaker Change: The show became a phenomenon in the first half of 2024 through launching innovative campaigns on weibo, such as allowing the user to recommend seen our cross platform.

Speaker Change: The show became a phenomenon in the first half of 2024 through launching innovative campaigns on weibo.

Speaker Change: Allowing user to recommend senior across platform.

Speaker Change: on howan ip system in the second quarter with the release of planiffor the entertea work we leverage up by the vantage of phli and centence and enterte a work as well as fan introduction cost vericals

Speaker Change: Stock.

Speaker Change: Our stock.

Speaker Change: Candidate pulse on LIBOR and rollout realtime culture around the shield.

Speaker Change: Candidate pulse on LIBOR and rollout real time culture around the shelf there.

Speaker Change: Total views of the show.

Speaker Change: In our 2024 exceeded 50 billion times and the number of user into discussion exceeded 560 million tons.

Speaker Change: 24 <unk>.

Speaker Change: At 50 billion times, and the number of user into discussion exceeded 560 million times.

Speaker Change: we encourage more users to consume and discuss around entertain contce as a result the me of the user interacttion in the ended emorical increaseed double rigid yearover- year

Speaker Change: This merchant mask, social interaction pattern between TV and social media not only me crystal influential but also provide brand advertisers with more diversified marketing solution and generating sustainable revenue growth for Weibo to Hudson marketing.

Speaker Change: This merchant mask, social interaction pattern between TV and social media not only make rational influential but also provide brand advertisers with more diversified marketing solution and generating sustainable revenue growth for weibo to Hudson marketing.

Speaker Change: example in the second quarter we reach in -depth cooperation with music variety show in our two thousand and y fourth of unnine tv dvstation on coross-screen live streaming and viewed on ho topic to achieve user interactions

Speaker Change: During college entrance exam season. This year, we have cooperated with People's Daily two booths discussion a discussion on the university's major selection and application after the entrance exam and organize the experts and kols over 10 verticals such as <unk>.

Speaker Change: During college entrance exam season. This year, we've cooperated with People's daily to boost discussion a discussion on universities major selection and application after the entrance exam and organize the expert and kols over 10 verticals such as education.

Speaker Change: the show became a phunenomenoustri in the first half of two thousand and twenty four toue launching innovated campaigns on rbo circcusast allowing user to recommend dner across blackone that a startar can candidate post on rw and rown out real h culture around the shop

Speaker Change: Edification healthcare each of the products automotive and finance to share with examining all suggestions of professional learning application and industry employment.

Speaker Change: <unk> health care each of the products automotive and finance to share with examining all suggestions of professional learning application and industry employment. The total view of college entrance exam related content reached $38 9 billion times.

Speaker Change: the total views of the show iner two thousand and y four exceed fifty billion times and a number of usering into a discussion exed five hundred and sixteen million times

Speaker Change: The total view of college entrance exam related content reached $38 9 billion times in June and the number of user discussion exceeded 110 million tons, representing an increase of over 50% compared with the same period last year.

Speaker Change: this hale plus social interaction pattern between tiving and the social media not only maker ial influential but also provide band out of tiser was more diversified martin solution and generated sustainable air rabvenue growth for wwar to har remarkting

Speaker Change: In June and the number of user discussion exceeded 110 million tons, representing an increase of over 50% compared with the same period last year.

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Speaker Change: the total view of college entry exexamly related a counent reached thirty eight when our billing times in june and the number of use of discussion exceed one hundred and ten mailing times

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Speaker Change: Vertical content operation, we continue to focus on two aspects in Q2 first we strengthened our construction of vertical content ecosystem, including supporting vertical content and engaging crossfield accounts and media outlet in the generation and distribution of vertical Hudson.

Vertical content operation, we continue to focus on two aspects in Q2 first we strengthened our construction of vertical content ecosystem, including supporting vertical content and engaging cross field accounts and media outlet in the generation and distribution of vertical Howard Chen.

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Speaker Change: Second we beef up the support of Gordon and Orange verify account in vertical areas and empowered them to earn higher commercial returns on our platform.

Speaker Change: Second we beef up the support of Gordon and Orange verify account in vertical areas and empower them to earn higher commercial returns on our platform.

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In the second quarter, we continued to reinforce Hudson operation in automotive and digital product verticals with emphasis on industry brand and product.

Speaker Change: In the second quarter, we continued to reinforce Hudson operation in automotive and digital product verticals with emphasis on industry brand and product.

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Speaker Change: As a result, the number of Golden verify account in automotive and digital product verticals as well as their traffic interaction and AD revenue on our platform continued to increase year over year.

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Speaker Change: on verical contum operation we continue to focus on two aspects in q two first

Speaker Change: For example for the automotive vertical as competition in the new energy vehicle market intensified oem's step up their investment in content operation in the first half half of this year over 13 menu and manufacturers auto manufacturer and around our Henry executive of.

Speaker Change: we strengthened the construction of vertical companyecosystem including supporting vertical content and engagingin crossfield account and media ollet in the generation and distribution of vertical he trend

Speaker Change: second we deef up the support of golden and ownange verify account in vertical areas and empowered them to earn higher commercial returns our platform

Speaker Change: Also industry register or activated Weibo accounts.

Speaker Change: Thanks to the content contribution from this you said that could hit Kols and media accounts in the automotive industry.

Thanks to the content contribution from this you said that could hit.

Speaker Change: in the second quarter we continue to re inforce haand operation in automotive and digital product verticals we emphasis on industry brand and product

Speaker Change: Els and media accounts in the automotive industry.

Also actively created funnel op hot topics.

Speaker Change: Also actively created follow up topics, we are pleased to see our clients join us including for automotive.

Speaker Change: We are pleased to see our clients join us including for automotive content per system, which not only help clients to refine brand operation and product promotion, but also lay the foundation for her long term business population with clients.

Speaker Change: as result the member of golden verify account in auum automotive and digital product verticals as well as their traffic interaction and our revenue on our platform continue to increase year-over-year

Speaker Change: Automotive content ecosystem, which not only help clients to refine brand operation and product promotion, but also lay the foundation for her long term business population with clients.

Speaker Change: Usually pseudomonas is on interest rates.

Speaker Change: for example for the automotive political as competition in the new energy veor market intensified

Yoshi settlement fees on interest rate risk.

Speaker Change: Okay.

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Speaker Change: What's your new kind of Battle Pasha, the poverty Youre hearing.

Speaker Change: You forgot about the sponsor the public about that Youre hearing.

Speaker Change: oam step up their investment in content operation in the first par half of this year over thirty many of and manufacturers ulter manufacturer r and around a hry execative of auto industry register or activated weal accounts

Speaker Change: Did you use with Alcoa.

Speaker Change: Could you just talk over coming years.

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Speaker Change: It's really a shih-tzu reporter toner arguably we should to be able to win with our Chilean which you cannot talk about in the past.

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Speaker Change: Tuohy Brothers, you know talking about arguably we should to be able to be much Archie and once you kind of talked about in the past Jimmy.

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Speaker Change: So immediately Copel agreement on October <unk>.

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Speaker Change: s the counant contribution from this equalaccurative pale els and media accounts in the automotive industry also actively created follow-up our topics

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Speaker Change: Our use of quota you able you're hitting reportedly fusion when you use coil tubing kind of of course, we cannot see me arguably.

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Speaker Change: Arguably Zimbabwe.

Speaker Change: Arguably some revenue share so you'll be able to ultimately go to Asia.

Speaker Change: Sure vaccination you agree with that.

Speaker Change: we are pleased to see our client join us including her automotive counting system which not only help clients to refine brand operation and product promotion but also lid foundation but for our long-term business copation with funds

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Speaker Change: Cooper is regarding cool, maybe we should do report to.

Cook week regarding Levo, you should you reported.

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Speaker Change: Can you tell us a bit stronger.

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Speaker Change: Usually year, two with humans on future <unk> young men.

Speaker Change: Usually year two.

Speaker Change: With us on future <unk> young men.

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As for the online game vertical viewed upon content construction of online online game ecosystem over the past three years, we have covered over 80% of the top 100 games in terms of content operation.

Speaker Change: As for the online game vertical viewed upon content construction of online online game ecosystem over the past three years, we have covered over 80% of the top 100 games in terms of content operation.

Speaker Change: Ghansham.

Speaker Change: Yes.

C creation and interactions thickness continue to improve leading to rapid growth of the build and verify account in the online gaming vertical.

Speaker Change: G C creation and interactions thickness continue to improve leading to rapid growth of the code and verify account in the online gaming vertical.

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Speaker Change: In the second quarter member of Jordan verify accounts in this vertical increased by over 80% year over year, we saw traffic and interactions grew over 50%.

Speaker Change: In the second quarter member of Jordan verify accounts in this vertical increased by over 80% year over year, we saw traffic and interactions grew over 30%.

Archie and Kim <unk>.

Speaker Change: Sure.

Speaker Change: Cobalt you can diagnose.

Maybe we should report.

Speaker Change: Annual basis.

Speaker Change: <unk> basis.

Speaker Change: Leveraging weibo's expanded advantages in online game ecosystem and higher influence of Golden verify accounts, we have built closer partnership with online game clients on content marketing.

Julien: Commercial <unk> bedroom that Julien.

Speaker Change: Leveraging lube was expanded advantages in online game ecosystem and higher influence of Golden verify accounts, we have build closer partnership with online game clients on content marketing.

Speaker Change: Joining <unk> transfer money.

Speaker Change: From bank of Shanghai, <unk>, Chongqing and hasn't shifted.

Speaker Change: Aspen online games.

In the second quarter, nearly 50% of the commercial project 14 promotion chose to co operate with sleepwalking Hartshorne marketing demonstrating better explanation of Weibo's stone and verify accounts among clients in this industry.

Sandra: Sandra upon content construction.

Speaker Change: In the second quarter, nearly 50% of the commercial project 14 promotion chose to co operate with sleepwalking, how chunky marketing demonstrating better explanation of Weibo's stone and verify accounts among clients in this industry.

Sandra: Online game ecosystem.

Speaker Change: We have covered.

Speaker Change: Revenue of build and verify outcome from the game industry increased by over four times year over year.

Speaker Change: The AD revenue of build and verify outcome from the game industry increased by over four times year over year.

Speaker Change: We are delighted to see that the online gaming vertical has gradually entered the self reinforcing cycles between content and the monetization ecosystem similar to the automotive and digital vertical Sherman with tighter Shanghai Center.

Speaker Change: Traffic and interactions grew over 50% on annual basis.

Speaker Change: Leveraging lube was expanded advantages in the online gaming ecosystem and higher influence of Golden verify accounts, we have build closer partnership with online game clients on content marketing.

Speaker Change: Afternoon, which you Tiger conservation of energy is only implemented portal.

Afternoon, which is China and conservation of energy and a total.

Speaker Change: Do you able to measure how many people.

Speaker Change: Charlie.

Speaker Change: And then some type of technology advantage.

Speaker Change: He didn't naming some type of tumor antigen.

Speaker Change: In the second quarter, nearly 50% of the commercial project for clean promotion chose to co operate with sleepwalking hartshorne marketing demonstrating better recognition of Weibo's stone and verify accounts among clients in this industry.

Speaker Change: Hardly any initial showings.

Speaker Change: International is showing each other trying time between linear tissue. If you don't know him.

Speaker Change: On the Shanghai between lending decision, if you want <unk>.

Speaker Change: Colin accomplish internally.

Holly: Holly and accomplish internally.

Speaker Change: Moving onto monetization in 2024, we will continue to beef up our efforts to reinforce our monetization competitiveness leveraging labor strength in Hudson in IP as well as swiping vertical content ecosystem, we are shutting the competitive edge of our content marketing and fulfillment at potash.

Speaker Change: Revenue of build and verify outcome from the game industry increased by over four times year over year. We are delighted to see that the online gaming vertical has gradually entered the self reinforcing cycle between content and monetization ecosystem similar to the automotive and digital vertical.

Speaker Change: In the hope of enhancing our capabilities to mitigate business risk in key industries.

Speaker Change: Hi, Joe.

Joe: Hi, Joe.

Speaker Change: Uh huh.

Shannon: Shannon, what Ty Jeffers, Linda Hi afternoon, when you tack on conservation of energy is on your comment of total <unk>.

Joe: Me too.

Tangible when we've gone through Q2 could easily turn.

Speaker Change: With regard to liquidity is shown.

Speaker Change: Turn out that way.

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Speaker Change: You're able to answer that.

Marty: <unk>, it's Marty.

Marty: When do you think.

Speaker Change: Charlie.

Speaker Change: <unk> had a higher number.

Marty: Cause you to hire embarked down.

Speaker Change: So you're seeing some type of 2 million adventure.

Speaker Change: I believe you cohort to enable a range on what are the zinc.

Marty: So what I believe to enable a range on what are the zinc.

Mainly in Shanghai, showing genre trying time between linear.

Speaker Change: People <unk>.

Marty: People always ask me remodel.

Speaker Change: If you want to accomplish.

Speaker Change: We use a tissue.

Speaker Change #101: We use a tissue.

Speaker Change: Moving onto monetization in 2024, we will continue to beef up our efforts to reinforce our monetization competitiveness leveraging labor strength in culture and in IP as well as swiping vertical concrete ecosystem.

So if you could.

Speaker Change #101: David.

<unk> Nikko is identical.

Speaker Change #101: You get to a variety of applications on the Colorado down with EMEA.

She loves to Cook with utility IP telephone company.

Speaker Change #101: Sheila.

Peter: Peter will talk.

Peter: That's another thing is shining through.

Andrew: It's Andrew.

Speaker Change: <unk> argued with me with that.

Peter: Arguably we leave with that.

Speaker Change: Shopping the competitive edge of our content marketing and performance AD product in the hope of enhancing our capabilities to mitigate business risk in key industries.

Joe: Hello, Joe.

Pathogens are human machine looking truck James <unk>, I'm wondering Asia towards another trinian as you're trying to do this again.

Speaker Change #103: Engie human machine within truck James <unk> accomplish I'm wondering so put another trinian as you triangulate it.

Speaker Change: <unk> hundred <unk> 70, due more to the opportunity in Asia.

Speaker Change #103: And she's going to pin pad you want me to go more to the opportunity in Asia.

Speaker Change: Aren't you.

Speaker Change: We wish to.

Speaker Change: Yes.

Joe: Yes, we will.

When we look at Q2 could easily turn.

Speaker Change: But she didn't really reaching geographical fit.

Speaker Change #104: But she didn't really isn't.

Speaker Change #104: <unk> alcohol beer, which is tissue.

Speaker Change: Turn out that way.

Speaker Change: Tissue Orange machine here at <unk> to meet you closely already horizontal road.

Speaker Change: So with IMAX magical conducive.

Speaker Change #105: Tissue Orange machine here at <unk>.

Speaker Change: <unk> had a higher number.

Speaker Change #105: Understood.

Speaker Change: <unk> hundred <unk> Shanghai <unk>.

Speaker Change: So I believe your cohort to enable a range on what are the zinc.

Speaker Change #105: <unk> hundred in Egypt.

Speaker Change #106: You bet.

Speaker Change: She is highly fragmented ghansham.

Speaker Change #105: And she was high brightness ghansham.

Speaker Change: Favorable <unk> afternoon.

Speaker Change: Tim Chiang who do you view that.

Speaker Change #106: Jonathan do you view that.

Speaker Change: Josh and traditional.

Speaker Change: Sure.

Speaker Change #107: In conjunction traditional.

Speaker Change: Thank you for your question.

Speaker Change: Truly be able to again.

Speaker Change #107: Truly be able to use concrete jump Shanghai about CMP <unk>.

Speaker Change: <unk> is unique in the Colorado downward.

Speaker Change: Junk Shanghai about CMP measure at Etame.

Speaker Change: Can you guys talk to cope with the IP telephone company.

Jennifer: Thank you Jennifer.

Speaker Change: Copel <unk> J.

Speaker Change: <unk> tried and true.

Speaker Change #107: Couple of weeks until vaccine season to date.

Speaker Change: Yes.

Speaker Change: Arguably maybe without.

Andrew Chisholm: Hi, Andrew.

Toby O'brien: Toby O'brien.

Speaker Change #109: Colgate total.

Speaker Change: Christina Clarke IP.

James: <unk> mean listen looking truck James.

Speaker Change #109: Tony Hawk is doing all right.

Speaker Change: <unk> hi.

Speaker Change #109: <unk> hi.

James: <unk> accomplished and one in Asia with another trinian or new channels of distribution.

Speaker Change: Amid a relative soft end market in the second quarter, our revenue decreased 1% year over year on constant currency basis.

Speaker Change #110: Amid a relative soft end market in the second quarter, our revenue decreased 1% year over year on a constant currency basis.

Speaker Change: <unk> 70, due more to the opportunity.

Yes.

Speaker Change: By industry, our advantages industries, such as handset and automotive industry sustained solid growth trends benefiting from client's recognition of leap was hotter marketing.

Speaker Change: Relative to the <unk>.

Speaker Change #111: By industry, all the vintages industries, such as handset and automotive industry sustained solid growth trend.

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Speaker Change #112: Funding from clients recognition of sleep was Hudson marketing.

Speaker Change: <unk> hundred <unk>.

Speaker Change: Therefore.

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Speaker Change #112: Therefore.

Speaker Change: Our wallet share of client marketing budgets in this sector either remain stable.

Speaker Change: She is high brightness ghansham.

Speaker Change #112: Our wallet share of client marketing budgets in the sector either remains stable.

John: John will be available.

John: Thank you Josh and traditional.

Speaker Change: Great.

Great.

Speaker Change: Thanks to the impressive topic these and discussion generally generated by the blockbuster IP such as seen in our 2020 for Weibo, attracting 90 clients to launch campaigns around this IP related how churn, which block force incremental marketing dollars to our platform.

John: Julie will tell you it sounds like Tokyo, Shanghai about CMP measure with SME.

Speaker Change #113: Thanks to the impressive topic these and discussion generally generated by the blockbuster IP such as seen in 2020 for Weibo, attracting 90 clients to launch campaigns around this IP related how change.

Speaker Change: Turning to look at our cohort two central biopsy tissue.

Hi.

Speaker Change: Andrew.

Christina Clarke: Colgate total MPW rollout Christina Clarke IP or strategy it is high.

Speaker Change #113: <unk> block force incremental marketing dollars to our platform.

Speaker Change: Amit a relative soft end market in the second quarter, our revenue decreased 1%.

Speaker Change: For example, in the second quarter level, and Weibo reached strategic cooperation in content marketing achieving in depth co creation of content between LIBOR, plus one and the brand.

For example, in the second quarter level, and Weibo reached strategic cooperation in content marketing.

Speaker Change: Foreign currency basis.

Speaker Change #113: Heaving in depth co creation of content between Weibo platform and our brand.

Speaker Change: By industry, our advantages industry, such as handset and automotive industry sustained solid growth trend.

Speaker Change: To elaborate we expanded marketing initiatives and new product launch to daily Hudson throughout the year.

Speaker Change #114: To elaborate we expanded marketing initiatives and new product launch to daily hotshot throughout the year.

Speaker Change: The savings on our clients' recognition of leap was hotter marketing.

Speaker Change: Thus comprehensively enhance the use of rich and nurture use a mindset of the brand and product.

Speaker Change: Therefore.

Speaker Change #114: Thus comprehensively enhance their use of rich and nurture use of mine site of the brand.

Speaker Change: Our share of clients Martin Okay excellent either remained stable.

Speaker Change #114: Alex.

It takes a vivo ex a hindrance series launched in the second quarter as examples opposite new product release Mi vivo took advantage of the peak period of offline concept in the second quarter and the popularity of variety shows in our 2024.

Speaker Change: Great.

Speaker Change #115: It takes a vivo ex a hindrance series launched in the second quarter as an example office.

Speaker Change: Thanks to the impressive topic themes and discussion generally generated by the blockbuster IP.

Speaker Change #115: The new product release Mi vivo took advantage of the peak period of offline concert in the second quarter and the popularity of variety shows in our 2024 actively participating in the co creation of hotshot and strengthen user awareness of the differentiated attack.

Such as seen in our 2020 for Weibo, attracting 90 clients to launch campaigns around this IP related how churn.

Speaker Change: Each block for incremental marketing dollars to our platform.

Speaker Change: Actively participated in the co creation of how China and strengthen user awareness of the differentiated pack of the vivo ex 100 series concert go better too.

Speaker Change: For example, in the second quarter level and wastewater reached the strategic cooperation in content marketing achieving in depth co creation of content between LIBOR platform and the brand.

Speaker Change #115: Of the vivo ex 100 series concert go better.

Speaker Change: To enhance to enhance user penetration of vivo sport Street photography.

Speaker Change #115: To enhance to enhance user penetration of vivo sport Street photography.

Speaker Change: To elaborate we expanded marketing initiatives and new product launch to a daily Hudson throughout the year.

Speaker Change: We successfully helped the level achieved the first place in a dual track of concepts and telephoto.

We successfully helped the level achieved the first place in a dual track of concepts and the 10th photo.

Speaker Change: Thus comprehensively enhance the use of rich and nurtured use a mindset of the brand.

Speaker Change: In the current Internet IP market clients with gradually concentrate on the top IP. This trend can also be seen from the traffic structure of Weibo.

Speaker Change #116: In the current Internet IP market clients gradually concentrate on the top IP. This trend can also be seen from the traffic.

Speaker Change: Got it.

Speaker Change: It takes a vivo ex 100 series launched in the second quarter as examples.

Speaker Change #116: Traffic structure, weibo traffic and monetization opportunities brought forth by the pop IP was significant higher than those from Meteor ip's.

Speaker Change: The new product release Mi vivo took advantage of the peak period of offline concept in the second quarter and the popularity of variety shows in our 2024 actively participated in the co creation of how China and strengthened user awareness of the differentiated pack.

Speaker Change: <unk> and the monetization opportunities.

Speaker Change: First by the pop IP was significant higher than those from Meteor ip's.

Speaker Change: I mean, it's all higher Permian aren't you.

Speaker Change #117: I mean, it's all higher Permian aren't you.

Speaker Change: Yeah.

Speaker Change #116: Sure.

Speaker Change: The team continued to achieve good Mojave shareholders.

Speaker Change #118: Asia in particular tiers or could be a minority shareholders.

Speaker Change: Should it be with him at <unk>.

Speaker Change #118: Should it be below <unk>.

Speaker Change: Shopper.

Speaker Change: Of the vivo ex 100 series concert a go getter.

Speaker Change #119: Shopper renal Sweden cohort <unk>.

Speaker Change: Excluding cohort.

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Speaker Change: <unk> Junior team protection against how much impact you too.

Speaker Change: To enhance to enhance use the penetration of vivo portrait photography.

Speaker Change #119: You can see the ASO junior team, which I talked about in some impact due to coordination agricultural few times, where credit elimination piece that should help the United Kingdom's medical tube.

Speaker Change: Neptune medical tool few times, where quite often you shouldn't Panther should help United Kingdom came out at a little table.

Speaker Change: We successfully helped the Regal achieved the first place in a dual track of concepts and telephoto.

Speaker Change: Christian <unk>, who don't come within the Dongguan.

Christian: Christian <unk>, who don't come within the Dongguan.

Speaker Change: In the current Internet IP market clients gradually concentrate on the top IP. This trend can also be seen from the traffic structure of Weibo.

Marc Henri: Okay, Marc Henri.

Christian: Arguably more kind of a timeframe.

Don.

Marc Henri: Sure.

Christian: Sure.

Marc Henri: Yeah.

Speaker Change #121: Yeah cause actual future holiday on the table.

Marc Henri: <unk> hundred analytical.

Speaker Change: We will be able to manage on the only kind of trying to have a huge kudos on sugar and coffee tuck ins and commodity Virginia and Wisconsin.

Speaker Change #122: Who will be able to manage on the leap and I'm trying to have a huge equities on sugar.

Speaker Change: <unk> and monetization opportunities southwest by pulp IP was significant higher than those from <unk> IP.

Speaker Change #122: Cognizant commodity, Virginia and Wisconsin.

Speaker Change: Accordingly, we're gonna each entendre debenture.

Speaker Change #123: Accordingly, we're gonna each are tied to the country.

Speaker Change: Would that be when they're thinking country singer.

Speaker Change #123: We would not be able to Xinjiang country singer.

Speaker Change: I mean, it's all high appointment aren't you.

Okay that sounds good.

Speaker Change #123: With us and to retain most of your tens of people in Washington, the entire feedback onboard HEICO cohort.

Speaker Change: They are multiyear tens of people in Washington, the entire forgotten about HEICO cohort.

Speaker Change: Yes.

Speaker Change: And can you talk a bit more hydrogen.

Speaker Change: So I'll cover today, we're gonna ACO module 10 minutes of material attuned to quota.

Speaker Change #123: So <unk>, we're gonna HR module 10 minutes of material is June two quarter milligram cohort forgot the quota and Sean we don't have any debt.

Speaker Change: Should it be but let me not higher Columbia showroom.

Speaker Change: Cohort forgot the quota and Shlomi Doha.

Speaker Change: We don't see in cohort <unk>.

Speaker Change: Can be treated.

Jim: <unk> sure Jim Young team protection against.

Speaker Change #124: It won't be treated.

Speaker Change: On the fleet side in the second quarter, the sales of international cosmetic brands was still under pressure, which negatively affected the pace of new product launch and Dusty a scalable bucket.

Speaker Change #125: On the flip side in the second quarter. The sales of international cosmetic brands were still under pressure, which negatively affected the pace of new product launch and Dusty a scalable bucket.

You too coordination agricultural.

Speaker Change: A few times, what Craig elimination transaction optionality around generic pool table.

Speaker Change: <unk> been attitude, Hong Kong and the turndown.

Speaker Change: Therefore, our revenue from the cosmetic and beauty sector continue all descending trajectory year over year.

Speaker Change: Aren't you came all kind of trying to.

Speaker Change #125: Therefore, our revenue from the cosmetic and beauty sector continue all descending trajectory year over year.

Speaker Change: Sure.

Betsy: Hi, Betsy.

Speaker Change: <unk> hundred analytics.

Speaker Change: We will be able to they internally have a symptom cortisol shouldnt.

Speaker Change: In order to boost clients willingness of new product marketing and its effectiveness, we stepped up our completion with e-commerce platform and domestic brands this year.

Speaker Change #126: In order to boost clients willingness of new product marketing and its effectiveness, we stepped up our completion with e-commerce platform and domestic brands. This year to elaborate we actively explore the synergies new product launch of the F. M. C G industry between social and e-commerce platforms.

Speaker Change: Colocation commodity, Virginia and Wisconsin.

Speaker Change: Accordingly.

Speaker Change: Okay.

Speaker Change: So it would have able to Xinjiang penetration here.

Speaker Change: To elaborate we actively explored affinity new product launch of the F. M C G industry between social and e-commerce platforms.

Speaker Change: Okay that sounds good.

Speaker Change: <unk> tens of people in Washington, the entire feedback onboard heigh-ho cohort.

Third cohort, we're going to the HR module terminates a material attuned to quarter milligram.

Speaker Change: And provide clients with better marketing support we.

And provide clients with better marketing support.

Speaker Change: Cohort forget the quota and Shlomi Doha.

Speaker Change: Hope this efforts to translate into more stable growth in the SME <unk> sector in the coming quarters.

Speaker Change #126: We hope these efforts to translate into more stable growth in F. N B S. M C G sector in the coming quarters.

Speaker Change: You want to be treated.

Speaker Change: On the fleet side in the second quarter, the sales of international cosmetic brands were still under pressure, which negatively affected the pace of new product launch and thus scalable bucket.

Speaker Change: In the second quarter, we started the cooperation on the part of product launch marketing with Tmall with focus on the cosmetic and beauty athletic footwear and apparel industries.

Speaker Change #126: In the second quarter, we started the cooperation on the part of product launch marketing with Tmall with focus on the cosmetic and beauty athletic footwear and apparel industry leveraging labor stress in Hodgkin marketing, we offer full final value proposition to clients from <unk>.

Speaker Change: Therefore, our revenue from the cosmetic and beauty sector continue R&D spending trajectory year over year.

Speaker Change: Leveraging labor stress in Hodgkin marketing, we offer full funnel value proposition to clients from social influence to E. Commerce conversion with this partnership we hope to enhance client recognition of the value of LIBOR culture marketing and also cultivate and reinforce used.

Speaker Change: In order to boost clients willingness of new product marketing and its effectiveness, we stepped up our completion with e-commerce platforms and domestic brands. This year to elaborate we actively explore the synergies new product launch of the <unk> industry between social and E Commerce platform.

Speaker Change #126: Actual influence to e-commerce conversion with this partnership we hope to enhance client recognition of the value of LIBOR culture, and marketing and also cultivate and reinforce uses mine site of discovering new product called LIBOR will continue to explore this model with <unk>.

Speaker Change #100: This mindset of discovering new product called leap one.

Speaker Change #100: We will continue to explore this model with tmall in the third quarter and try to penetrate into more industries and clients with higher client recognition of Weibo's Hot your marketing and our broadening coverage of domestic leisure brands, we hope to see all our revenue and our cosmetic and beauty sector state.

Speaker Change: And provide clients with better marketing support.

Speaker Change #126: In the third quarter and try to penetrate into more industries and clients.

Speaker Change: We hope these efforts to translate into more stable growth in FMC fmc's sector in the coming quarters.

Speaker Change #127: With higher client recognition of Weibo's Hot your marketing and our broadening coverage of domestic leisure brands, we hope to see all our revenue cosmetic and beauty sector stabilized or retuned to growth year over year in the fourth quarter.

Speaker Change: In the second quarter, we started cooperation on new product launch marketing with Tmall with focus on the cosmetic and beauty athletic footwear and apparel industries lava.

Speaker Change #101: <unk> life or retuned to growth year over year in the fourth quarter.

Speaker Change: Leveraging labor strength in Hodgkin marketing, we offer full final value proposition to clients from social influence to E. Commerce conversion with this partnership we hope to enhance client recognition of the value of LIBOR cultural marketing and also cultivate and reinforce users.

Speaker Change #128: So any of that kind of really helpful with that Duncan national team and culture.

Speaker Change #101: Really helpful.

Speaker Change #101: Gotcha.

Speaker Change #101: European potash elevation.

Speaker Change #129: European potash elevation costume, Russia Trinity will conduct those won't go towards who really IP, making.

Speaker Change #101: Sure <unk>.

Speaker Change #101: Those won't go towards group really IP medium to choke oncology million shortfall.

Speaker Change #130: <unk> choke oncology million shortfall Moshe.

Speaker Change #101: Well of course, you dug into shadow tissue perfusion of charter.

Speaker Change #131: Well of course, you dug into shallow tissues, having a portion of our charter to.

Speaker Change #102: I'll, let Tom finish out 2 million Ghansham.

Sally: Sally a temperature of $2 million from project Sean.

Speaker Change: Mine site of discovering new product called leap one.

Speaker Change #101: Yes.

Speaker Change #101: A shorter question.

Speaker Change #132: Tom a shorter question.

Speaker Change: We will continue to explore this model with tmall in the second quarter and try to penetrate into more industries and clients with.

Speaker Change #103: So as I mentioned, so you're delek offshore centers can be volatile.

Speaker Change #132: To sum nature, so your delek offshore centers on the volatile Alabama.

Speaker Change #101: Alabama.

Speaker Change #104: Chile, Chile, IV shortfall was largely under quite sure sumac, which you showed on Cogs.

Speaker Change #132: Chile, Chile, IV shortfall was largely under quite sure so market shutdown costs.

With higher client recognition of Weibo's, Hodgkin marketing and our broadening coverage of domestic energy brands, we hope to see all our revenue cosmetic and beauty sector stabilize or return to growth year over year in the fourth quarter.

Speaker Change #104: Cohort two will be able to do that.

Speaker Change #134: Yeah cool pool available under that.

Speaker Change #104: Thank you.

Speaker Change #134: Thank you.

Speaker Change #104: Two 4 million chunky quarter to be familiar with it.

Speaker Change #134: Two for me.

Speaker Change #136: That is something that can be for you again.

Speaker Change #104: Okay.

Speaker Change #136: Okay.

Speaker Change #104: I'm not sure if you may.

Speaker Change #136: Josh I'm not sure if you made Tom Shafer.

Speaker Change #104: Sure.

Speaker Change #136: Okay.

So in the back half really helpful with that Duncan and I shall now turn.

Speaker Change #104: Cohort.

Speaker Change #136: Cohort.

Speaker Change #104: Thanks for joining us.

Speaker Change: Gotcha.

Speaker Change #136: Gotcha.

Speaker Change #104: So you don't children's with Athens Gingerly.

European potash elevation costume washer.

Speaker Change #136: So you've got children is without <unk>.

Speaker Change #104: Uh huh.

Speaker Change: Industrials won't go towards group really IP, Meacham, Chaco, which showed a million shortfall.

Speaker Change #137: Uh huh.

Speaker Change #105: Children treated.

Children Gulf countries in Tianjin in Chile.

Speaker Change #105: <unk>.

Speaker Change #105: To summarize <unk>, two which is when we will show the other two unique.

Speaker Change #137: To summarize <unk>, who the other two cool too.

Speaker Change: Well of course without gains I shuttled tissue is having a portion of our charter.

Julie: You can live with shoulder over to Julie.

So and that's all for me, telling you and what's your thoughts on that.

Speaker Change: Anytime finish out 2 million Ghansham.

Julie: So and that's all for me telling you in Bush's leadership.

Speaker Change #105: Sure <unk>.

Speaker Change: Yes.

Speaker Change: Sure the question <unk>.

Speaker Change #105: <unk> and <unk>.

Julie: <unk> okay.

Speaker Change: So essentially you're delek offshore centers on the volatile telecom.

Speaker Change #106: The user journey cohort to Antonio.

Antonio: The user journey cohort to Antonio.

Speaker Change #107: Although speaking amid the current competitive landscape based on the current brand plus performance at offerings Weibo's marketing services upgraded to content marketing solutions with emphasis on Hudson and IP celebrity N K L and plus performance at leveraging.

Speaker Change #140: Although speaking amid the current competitive landscape based on the current brand plus performance at offerings Weibo's marketing services upgraded to content marketing solutions with emphasis on Hudson and IP celebrity and Kols and plus performance at leveraging.

Speaker Change: Chile, Chile, IV shortfall was largely under Chris Shaw Schumacher tissue.

Speaker Change: Cohort two will be better than that.

Speaker Change: Thank you.

Speaker Change: $2 4 million 72 weeks.

Speaker Change: Okay.

Speaker Change: Okay, well, thank you Jeff.

Speaker Change #107: Leveraging adjustment in our sales structure and add products in the past two years the market competitiveness of these three types of ad offerings.

Speaker Change: Josh I'm not sure if you made Tom.

Speaker Change #140: Leveraging adjustment in our sales structure and add products in the past two years the market competitiveness of these three types of offerings.

Speaker Change: Okay.

Speaker Change: Cohort.

Speaker Change: Thank you.

Speaker Change: Crazy that children with assets, which immediately.

Speaker Change #107: Gradually improve and become the key driver of revenue.

Speaker Change #140: Gradually improved and become the key driver of revenue.

Speaker Change: Uh huh.

Speaker Change: Cologuard two <unk>.

Speaker Change #107: Our revenue directly generated by those three type of AD offerings account for over 50% of our total AD revenues.

Speaker Change #140: Our revenue directly generated by those three type of AD offerings account for over 50% of our total AD revenues.

Speaker Change: <unk>.

Speaker Change: So which is when we will show the opportunity.

From industry perspective, the Hudson and IP marketing, primarily serve the FMC G digital products and automotive industries.

Thats all from me, telling you and pushes so I'll.

Speaker Change #140: From industry perspective, the Hudson and IP marketing one list of the FMC G digital products and automotive industries.

Speaker Change: Understood. Thank you.

Antonio: <unk> <unk> user to any cohort to Antonio.

Speaker Change #107: Clients in these industries seek to amplify their product influence now, reaching organic organic hutchence or even build marquee hype around their new products through Weibo's culture marketing.

Speaker Change: Although speaking amid the current competitive landscape based on the current brand plus performance at offerings Weibo's marketing services upgraded to content marketing solutions with emphasis on Hudson and IP celebrity and Kols at plus performance at.

Speaker Change #140: Clients in these industries seek to amplify their product influence now, reaching organic organic hodges or even build marquee hype around their new products through weibo's culture and marketing.

Speaker Change #108: The celebrity and KOL marketing, mainly caters to the luxurious boost cosmetic and beauty as well as footwear and apparel industries.

Speaker Change #140: The celebrity and KOL marketing, mainly caters to the luxurious booth cosmetic and beauty as well as footwear and apparel industries.

Speaker Change: Leveraging adjustment in our sales structure and add products in the past two years.

Speaker Change: Market competitiveness of these three types of offerings has gradually improved and become the key driver of revenue.

Clients can better reach fans.

Speaker Change #140: Clients can better reach fans and influence their consumption decisions with higher accuracy, but working with celebrities and kols in professional areas.

Speaker Change #108: French their consumption decisions with higher accuracy, but working with celebrities and kols in professional areas.

Speaker Change: Our revenue directly generated by group three type of AD offerings account for over 50% of our total AD revenues.

Finally, despite the fierce competition in the performance end market in recent years, we are gradually improving our competitiveness at.

Speaker Change #140: Finally, despite the fierce competition in the performance marketing in recent years, we are gradually improving our competitiveness at.

Speaker Change: From industry perspective, the Hudson and IP marketing, primarily serve the Mcg digital products and automotive industries.

Speaker Change #108: Alco reason optimization and social native ad offerings.

Speaker Change #140: Alco reason optimization and social native ad offerings.

Speaker Change #108: Although performance and has now become the main contributor to revenue growth in the past two years performance and also and so crucial for us to broaden our client coverage and identify high quality clients.

Speaker Change: Clients in these industries seek to amplify their product influence now reaching organic.

Speaker Change #140: Although performance at <unk> now becomes the main contributor to revenue growth in the past two years performance and offerings are crucial for us to broaden our client coverage and identify high quality clients.

Speaker Change: Danny Hudson or even build marquee hype around their new products through Weibo's powertrain mossy.

Speaker Change #108: Sundar shopping type Hudson ramping in shoulder can do meet.

Shanghai's shopping pay attention to.

The celebrity and KOL marketing, mainly caters to the local jewelry shoes, cosmetics and beauty as well as footwear and apparel industries.

Speaker Change #141: To me.

We believe <unk> profile.

Speaker Change #141: We believe legally kombucha and accumulation.

Let's see who the IP nishu the nail you Shaun.

Speaker Change #108: The IP Nishu the name <unk>.

To do what you call timing to when we will surely someone of Chicago.

Speaker Change: Clients can better reach vans and influence their consumption decisions with higher accuracy, but working with celebrities and kols in professional areas.

Speaker Change #142: To do what you call timing to when we were shooting someone of Chicago.

Speaker Change #108: Yes.

J P: J P.

Speaker Change #108: So it doesn't even touch on memory.

Speaker Change #142: P J.

Speaker Change #144: If you could touch on later.

Okay.

Speaker Change #142: Sure.

Speaker Change #109: Sure Jonathan.

Speaker Change #145: How about yourself.

Speaker Change #110: Somebody's trying.

Speaker Change #111: I'll take a molecule from <unk>.

Speaker Change: Despite the fierce competition in the performance end market in recent years.

Speaker Change #142: Thank you.

Speaker Change #112: And I won't go to a meeting.

Speaker Change #146: I won't call Tommy Asia Tommy.

Speaker Change #111: Tony.

Speaker Change #113: Hi, Moshe preclinical <unk> advantage on occasion.

Speaker Change #146: So if we're carrying moshe preclinical TEP and I've been in Charlotte.

Speaker Change: Gradually improving our competitiveness at.

Speaker Change #114: To Johns Hopkins and they're trying to limit to two wonderful move on a job on mobile.

Speaker Change: Alco reason optimization and social native ad offerings.

Speaker Change #146: To jump up and they're trying to limit you to one of them for example, mobile.

Speaker Change #114: In contrast to other platforms competitive edge in traffic based monetization, we have viewed our competitiveness our media oriented brand oriented I placement as well as content marketing based on hardware and IP and celebrities.

Speaker Change: Although performance and has now become the main contributor to revenue growth in the past two years performance and offerings are crucial for us to broaden our client coverage and identify high quality content.

Speaker Change #146: In contrast to other platforms competitive edge in traffic based monetization, we have viewed our competitiveness our media oriented brand oriented I placement as well as content marketing based on culture, and IP and celebrities.

Speaker Change: So no shopping type Hudson ramping here can you hear me.

Speaker Change #115: This differentiation are critical for us to obtain marketing budget for product promotion and use a mindset.

Speaker Change #146: This differentiation are critical for us to obtain marketing budget for product promotion and use a mindset.

Speaker Change: We believe kombucha in the documentation.

Speaker Change: Let's see.

Nishu: Nishu the nomination.

Speaker Change #115: Meanwhile, as we further strengthened our construction of content per system.

Speaker Change #146: Meanwhile, as we further strengthened our construction of content per system.

Speaker Change: What's your crude to one wuxi somewhere near Chicago.

Speaker Change #115: The entertainment sports events and industry based vehicles and better integrate organic cutting ecosystem with commercial cutting ecosystem our business model.

Vijay: Thank you Vijay.

Speaker Change #146: Entertainment sports events and industry base to verticals.

Vijay: So it doesn't even touch on later.

Vijay: Some of that cash.

Speaker Change #146: And better integrate organic cotton ecosystem with commercial content ecosystem, our business model.

Speaker Change: Thanks, I'll take the molecule.

Speaker Change: Well I won't call Tommy Asia Tommy.

Speaker Change: Sure.

Speaker Change #116: Which is mainly based on brand plus the lapping marketing and content marketing well supplemented by performance at will be more conductive to improving the platforms monetization efficiency.

Speaker Change #146: It is mainly based on brand plus the Napoli marketing and cotton marketing well supplemented by performance at will it be more conductive to improving the platform monetization efficiency.

Speaker Change: Furthermore, preclinical <unk> IV in Charlotte.

Speaker Change: I'm happy and they're trying to limit you to join us.

Speaker Change: Mobile.

In contrast to other platforms competitive edge in traffic based monetization, we have viewed our competitiveness our media oriented brand oriented I placements as well as content marketing based on hardware and IP and celebrities.

Speaker Change #116: This is also our most important strategy and objective for strengthening our monetization competitiveness in future.

Speaker Change #146: This is also our most important strategy and objective for strengthening our monetization competitiveness in future.

Okay.

Speaker Change #146: Okay.

Speaker Change #116: Oh I'm sorry.

Speaker Change: This differentiation are critical for us to obtain marketing budget for product promotion and use a mindset.

Speaker Change #116: Copies of the argument.

I'm trying to appreciate the argument that trial would you agree.

Speaker Change #117: With that let me turn the call over to Fayetteville for a financial review.

Fayetteville: With that let me turn the call over to Fayetteville for a financial review.

Speaker Change: Meanwhile, as we further strengthened our construction of counting for system.

Fayetteville: Thank you Beth and Hello, everyone.

Fayetteville: Thank you Bill and Hello, everyone.

Speaker Change #119: Well have to leave the second is plenty plenty for earnings conference call.

Fayetteville: <unk> delivered second quarter plenty plenty for earnings conference call.

Speaker Change: In the entertainment sports events and industry based vehicles and better integrate organic content ecosystem with commercial content ecosystem.

Todd with user metrics.

Speaker Change #148: Let's start with user metrics in June 2024 rig was.

Speaker Change #120: In June 2024 megawatts.

Speaker Change #121: <unk> reached the 583 million and <unk> with the $256 million.

Speaker Change #149: The first 183 million and <unk>.

Speaker Change: Business model.

Speaker Change #150: <unk> reached the $215 6 million.

Speaker Change: Which is mainly based on brand plus the napkin marketing and content marketing well supplemented by performance at will be more conductive to improving the platforms monetization efficiency.

Speaker Change #122: As communicated last quarter in 2010 before they have proactively adjusted our Yieldco strategy reported more upper side on the ACA.

Speaker Change #150: As communicated last quarter in 2010 before.

Speaker Change #150: We're proactively adjusted our Yieldco strategy to reported more upper side on the <unk>.

Speaker Change #122: Precision and engagement of high quality yoga.

Speaker Change #151: Decision and the engagement of high quality yoga.

Speaker Change: This is also our most important strategy and objective for strengthening our monetization competitiveness in future.

Speaker Change #122: Our services by improved.

Speaker Change #152: Our furniture they improve.

Speaker Change #122: Worth it.

Speaker Change #152: Worth it.

Speaker Change #122: So this quarter.

Speaker Change #152: So this quarter.

Speaker Change: Yes.

Speaker Change #122: Turning to financials.

Speaker Change #152: Turning to financials.

Speaker Change: Okay.

Speaker Change #122: As a reminder, my prepared remarks would focus on nongovernment.

Speaker Change #153: As a reminder, my prepared remarks would focus on non-GAAP results.

Speaker Change: Copies arguably that trial would take one.

Fayetteville: With that let me turn the call over to Fayetteville for a financial review.

Well, a monetary AMA a U S dollar term and the other comparison on a year over year basis, unless otherwise noted.

Speaker Change #154: Well monitor Irma, yes, I'll, let her on the other comparison on a year over year basis, unless otherwise noted.

Fayetteville: Thank you Beth and Hello, everyone.

Speaker Change: Well have to leave the second is plenty plenty for earnings conference call.

Speaker Change #123: Let me walk you through our financial highlights for the second quarter to 34.

Speaker Change #154: Let me walk you through our financial highlights for the second quarter to 34.

Start with you can imagine.

Speaker Change: In June 2024 rig was <unk>.

Speaker Change #124: We have worked up in the quarter plenty 74, net revenue was 437 9 million a decrease of 1% or an increase of 1% constant currency basis.

Speaker Change #154: We of course second quarter plenty of anyone that the revenue was $437 9 million a decrease of 1%.

Speaker Change: <unk> hundred 83 million and <unk>.

Speaker Change: D or with the $256 million.

Speaker Change #154: For such a constant currency basis.

Speaker Change: Indicated last quarter in 2010 before.

Speaker Change #124: Operating income was $157 6 million.

Speaker Change: Ah proactively adjusted our use of strategy to put more effort on that.

Speaker Change #154: Operating income was about $157 6 million, representing a margin of certain fixed costs that.

Speaker Change #124: <unk> margin of certain fixed part that.

Speaker Change: Acquisition and engagement of high quality yoga.

Speaker Change #125: Net income attributable to Weibo reached 100.

Speaker Change #154: Net income attributable to Weibo reached 176 million, representing a net margin of 39%.

The improved.

Speaker Change #125: 76 million, representing a net margin of 39%.

Speaker Change: <unk> ratio this quarter.

Speaker Change: Turning to financials.

Speaker Change #125: Diluted EPS was <unk> 48.

Speaker Change #154: Diluted EPS was <unk> 48.

Speaker Change: As a reminder, my prepared remarks will focus on non-GAAP results.

Speaker Change #125: <unk>.

Speaker Change #154: <unk>.

Speaker Change #125: That may give you more color on the second quarter chemical revenue pro forma.

That may give you more color on our second quarter 2017 for revenue for Heartland.

Speaker Change: Monetary AMA a U S dollar term and the other comparison on a year over year basis, unless otherwise noted.

Speaker Change #125: It was advertising and marketing revenues for the second quarter of 'twenty 'twenty four with the hundred and 75 Bucks for a minute.

Speaker Change #155: Weibo's advertising and marketing revenue for the second quarter 'twenty 'twenty four with eight.

Speaker Change: Let me walk you through our financial highlights for the second quarter versus 74.

Speaker Change #156: 175 Bucks for a minute.

Speaker Change #126: Chris I'll say per ton or 1% constant currency basis.

Speaker Change #156: Decrease of 3% or 1% constant currency basis, reflecting muted AD demands a myth tablet macro environment.

Speaker Change: <unk> second quarter 2024, net revenue was $437 9 million a decrease of 1%.

Speaker Change #126: Reflecting related AD demand amidst tap had macro environment.

Speaker Change #126: We'll add revenues north of there.

Speaker Change: The increase of 9% constant currency basis.

Speaker Change #156: Mobile AD revenue North of 152 pumps are a million contributing approximately 94% of total ad revenue.

Speaker Change #127: For the 52 7 million contributing approximately 94% of total AD revenue.

Speaker Change: Operating income was about $157 6 million.

Speaker Change #127: In terms of growth Firstly products E Commerce and entertainment were the largest contributor to world.

Speaker Change: But that's in our kind of the margin of 36%.

Speaker Change #157: In terms of growth Firstly, a product E Commerce and entertainment were the largest contributor to growth.

Speaker Change: Net income attributable to Weibo.

Speaker Change: I'll just pause for a minute.

Speaker Change #127: We're delighted to see substantive add water increased handset sector this quarter, leveraging our robust content ecosystem.

We're delighted to see substantive add water increased handset sector this quarter, leveraging irobot constant ecosystem.

Speaker Change: With us on that margin.

Speaker Change: Diluted EPS was <unk> 48, a U S dollar.

Speaker Change #127: The dynamic with fashion to that of the outbreak egg products.

Speaker Change: That may give you more color on the second quarter climate chemical revenue pro forma.

Speaker Change #158: The dynamic with passionate to that of the outbreak big product.

Speaker Change #127: The entertainment sector demonstrated good momentum this quarter, driven by blockbuster television programs and enabling unique value preposition for offsets.

Weibo's advertising and marketing revenues for the second quarter 2024.

Speaker Change #158: The entertainment sector demonstrated good momentum this quarter driven by blockbuster television program.

Speaker Change: <unk> hundred 75 parts per million, a decrease of 30% or 1% constant currency basis, reflecting real good AD demands amidst have had macro environment.

Speaker Change #159: <unk> unique value proposition for <unk>.

Speaker Change #127: I'll flip that the top of that recovery.

Speaker Change #160: On the flipside, the top of that recovery will feel that the underperformers of the FMC G sector.

Speaker Change #127: This deal to act, but underperformers of the FMC AG sector.

Speaker Change: Mobile AD revenue was <unk> hundred 50 tube pumps or immediate contributing approximately 94% of total ad revenue.

Speaker Change #127: But a modest deferral after food.

Speaker Change #160: Despite a modest deferral after food.

Speaker Change #128: Beverage and apparel sector, the cosmetic and personal care that Sir <unk> he had.

Speaker Change #161: The average in the apparel sector, the cosmetic and personal care that Sir <unk> He had.

Speaker Change: In terms of growth Firstly products E Commerce and entertainment were the largest contributor to world.

Speaker Change #128: Last advance rate.

Speaker Change #161: Lost at large it from.

Speaker Change #128: From <unk>.

Speaker Change #128: On the test commutation I might add that for.

Speaker Change #161: Standing tests commutation amount at slide four.

Speaker Change: We're delighted to see substantive add water increased handset sector this quarter, leveraging our robust content ecosystem.

Speaker Change #128: AD product promoted Steve that was the logic.

Speaker Change #161: The AD product promoted.

Speaker Change #161: <unk> was the largest.

Speaker Change #128: Those vessels will display on the topics I'm sorry.

Speaker Change #163: Those vessels will display on the topics I'm sorry.

Speaker Change: And the dynamics with passionate to that of the outbreak egg products.

Speaker Change #128: AD revenue from Alibaba for the second quarter was subject to a platform.

Speaker Change #163: AD revenue from Alibaba for the second quarter.

Speaker Change: The entertainment sector demonstrated good momentum this quarter driven by blockbuster television programs.

Speaker Change #163: Added to our platform.

An increase of 21%.

Speaker Change #163: An increase of 21%.

Speaker Change #128: Also on the third part that a constant currency basis.

Speaker Change #163: And the third part that a constant currency basis.

Speaker Change #100: <unk> unique value proposition for <unk>.

Speaker Change #129: So you could see the solid alcohol from Alibaba continues through the first half of 'twenty than before.

Speaker Change #163: Let's say it could be the solid alcohol from Alibaba continues through the first half of 'twenty than before.

I'll flip that.

Speaker Change #101: Top of that recovery will fail to act the underperformers of the FMC AG sector.

Speaker Change #130: Great book, Brad that performance solution resonated, well with Alibaba to fulfill our funnel marketing goals.

Speaker Change #164: They brought Brad that performance solution resonated, well with Alibaba to fulfill its FERC frontal marketing goals.

Speaker Change #101: Despite a modest deferral after food.

Beverage and apparel sector, the cosmetic and personal care sector. We also had two o'clock at budget.

Speaker Change #130: Before I turn into bad segment, let me share some preliminary Conor on the China entering a third quarter of 2024.

Speaker Change #165: Before I turn into bad segment, let me share some preliminary Conor on the China entering a third quarter of 2024.

Speaker Change #102: And the test commutation among apps that work.

Speaker Change #130: That way.

Speaker Change #164: After that.

Speaker Change #131: <unk> continues to be the go to platform to this power out of this task around culture here in the summer Summer Olympics.

Speaker Change #166: <unk> continues to be the go to platform for these power and at this time around chat during the summer our Summer Olympics.

Speaker Change #103: I've heard I promoted feed AD with the larger.

So those vessels with let's say on the topic I'm sorry.

Speaker Change #131: I spoke to the user engagement and attracted intensive access.

Speaker Change #103: Revenue from Alibaba for the second quarter was subject to a platform.

Speaker Change #166: Beige book paid user engagement and attracted imperative access.

Speaker Change #131: Match that with a child of advertising budget allocated to the Olympic games.

Speaker Change #103: And Chris I'll tell you about parkdale authentic PARSEC, a constant currency basis.

Speaker Change #166: That's at the top of advertising budget allocated to the Olympic games.

Speaker Change #131: We expect relative they look more added demand post the Olympics visits.

Speaker Change #104: That's it.

Speaker Change #166: We expect relative they look more added demand post the Olympics season.

Speaker Change #105: Solid axle from Alibaba continues through the first half of 'twenty before as they brought Brad that performance solution resonated well with Alibaba to fulfill its FERC promo marketing goals.

Speaker Change #131: Pain in sluggish consumption data there.

Speaker Change #167: Pain is sluggish consumption data there.

Speaker Change #132: Beef up our sales execution and enrich weibo's content ecosystem in the second half of the year in the hope of mitigating macro and industry headwinds.

Speaker Change #168: Beef up our sales execution and enrich weibo's content ecosystem in the second half of the year in the hope of mitigating macro and industry headwinds.

Speaker Change #106: Before I turn into that segment, let me share some current luminary Conor on the China entering a third quarter of 2024.

Speaker Change #132: Turning to glass.

Turning to glass.

Speaker Change #132: That revenue was 62 six.

Speaker Change #169: <unk> revenue was 62 six.

Speaker Change #132: 6 million in the second quarter by increase of 15% or ATM correct that a constant currency basis.

Speaker Change #169: 6 million in the second quarter, an increase of 15% or ATM correct on a constant currency basis.

Speaker Change #105: After that.

Speaker Change #105: We will continue to be the go to platform to discover and at this time around culture.

Speaker Change #132: Primarily driven by revenue growth of <unk>.

Speaker Change #169: Primarily driven by revenue growth of membership.

Speaker Change #105: During the summer Summer Olympics.

Speaker Change #132: Membership.

Speaker Change #132: They have benefited from improved our pool for our membership services.

Speaker Change #105: I spoke to the user engagement and attracted intensive access.

Speaker Change #169: They have benefited from improved with Apple for a membership or is it.

Speaker Change #105: Not too bad.

Our climate VIP featured to cater to the needs of beta users.

Speaker Change #170: They rolled out claiming VIP featured two paid her to the need of <unk> user.

Speaker Change #107: The talk of advertising budget allocated to the Olympic games.

Speaker Change #107: We expect relative they look more added demand post the Olympics visits crack.

Speaker Change #132: Turning to expenses.

Speaker Change #170: Turning to expenses.

Speaker Change #170: Benefit.

Total costs and expenses for the second quarter were 280 park for media.

Speaker Change #108: Crafting in sluggish consumption data.

Speaker Change #170: Total costs and expenses for the second quarter were 280 park for media.

Speaker Change #109: Little beef up our sales execution and enrich weibo's content ecosystem in the second half of the year in the hope of mitigating macro and industry headwinds.

Speaker Change #132: A decrease of 2%.

<unk> of 12%.

Speaker Change #132: Operating income in the second quarter was about $157 6 million.

Speaker Change #170: Operating income in the second quarter was about $157 6 million.

Speaker Change #132: Representing an operating margin of 36% compared to 35% in the same period last year.

Speaker Change #170: That's an operating margin of 36% compared to a second 5% in the same period last year.

Turning to glass back.

Speaker Change #110: <unk> revenue was 62 six.

Speaker Change #110: 6 million in the second quarter, an increase of 15% or ATM correct on a constant currency basis.

Speaker Change #132: Turning to income tax.

Speaker Change #170: Turning to income tax.

Speaker Change #132: Under GAAP measure income tax expense for the second quarter was 33, plus $3 million compared to 25 million last year. The increase was mainly due to the withholding tax accruals related to earnings to be remitted from our loyalty to our Hong Kong.

Speaker Change #170: Under GAAP measure income tax expense for the second quarter was 33 5 million compared to 25 million last year. The increase was mainly due to the withholding tax accruals related to earnings to be remitted from our loyalty to our Hong Kong.

Speaker Change #110: Primarily driven by revenue growth of membership.

Speaker Change #110: They have benefited from improved a pool for our membership services.

Speaker Change #110: Our Premier VIP features.

Speaker Change #110: Her to the needs of <unk> users.

Speaker Change #132: Theory, which is to follow our demand for U S dollar in business operation and the payment of dividends out of that et cetera and filter.

Speaker Change #170: Salary wages, who followed our demand for U S dollar in business operation and the payment of dividends out of that et cetera in future.

Speaker Change #110: Hernia could benefit.

Speaker Change #110: <unk>.

Paul: Total costs and expenses for the second quarter were 218, Paul Correct Me again.

Speaker Change #132: Net income attributable to <unk> shareholders in the second quarter with 136, Australia flattish year over year.

Speaker Change #110: <unk> of 2%.

Net income attributable to <unk> shareholders in the second quarter with 536, Australia flattish year over year.

Speaker Change #110: Operating income in the second quarter was about 157 6 million.

Chris: <unk> operating margin of 36% compared to a second Chris that in the same period last year.

Speaker Change #133: Net margin was denied that flattish breakfast a set of pure it last year.

Speaker Change #170: Net margin was.

Speaker Change #171: That's what's that flattish breakfast a certain period last year.

Turning to our balance sheet and cash flow items as of June 30th understudy for Weibo's cash cash equivalents and short term investments totaled 284 positive.

Chris: Turning to income taxes.

Speaker Change #172: Turning to our balance sheet and cash flow, Idaho, as Australia and.

Under GAAP measure income tax expense for the second quarter was certainly a three plus 3 million compared to $25 million last year. The increase was mainly due to withholding tax accruals related to earnings to be remitted from our loyalty to our Hong Kong.

Speaker Change #172: And if any for Weibo's cash cash equivalents and short term investments totaled 200.

For me that they have made a special cash dividend payment of approximately 190.

Speaker Change #134: Made a special cash dividend payment of approximately 199 4 million U S dollar and can make.

Speaker Change #172: That's a nice formative in U S dollars.

Speaker Change #135: In the second quarter cash provided by operating activities was 132 o'clock run either pepco expenditure totaled a sudden Australia and depreciation and amortization expenses amounted to $14 million.

Speaker Change #172: In the second quarter cash provided by operating activities was 132 o'clock.

Chris: Theory, which is true for our demand for U S dollar in business operations and the payment of dividends out of debt et cetera in future.

Speaker Change #173: Cloud run rate at Pepco.

Speaker Change #173: Capital expenditure totaled a sudden Australia, and depreciation and amortization expenses amounted to $14 million.

Chris: Net income attributable to <unk> shareholders in the second quarter with 546, Australia flattish year over year.

Speaker Change #136: Let me now turn the call over to the operator for the Q&A session.

Speaker Change #174: Let me now turn the call over to the operator for the Q&A session.

Chris: Net margin was.

Speaker Change #113: That's what that flattish rents at a certain period last year.

Speaker Change #136: Thank you.

Thank you.

Speaker Change #137: As a reminder to ask a question. Please press star one on your telephone and wait for your name to be announced.

As a reminder to ask a question. Please press star one one on your telephone and wait for your name to be announced.

Speaker Change #114: Turning to our balance sheet and cash flow, Idaho, as a target and Italy for Weibo's cash cash equivalents uninsured from investments totaled a tool.

Speaker Change #138: We show you a question. Please press star one on one again.

Speaker Change #175: Your question. Please press star one on one again.

Speaker Change #139: We will now take the first question.

84 positive.

Speaker Change #176: We will now take the first question.

Speaker Change #114: Have made a special cash dividend payment of approximately 199 4 million U S dollar you'll make.

Speaker Change #138: Yeah.

Speaker Change #175: Yeah.

From the line of Alicia Yapp from Citigroup. Please go ahead.

Speaker Change #177: From the line of Alicia Yap from Citigroup. Please go ahead.

Speaker Change #114: In the second quarter cash provided by operating activities was 130 odd run with it.

Speaker Change #140: Hello. Thank you one each how much I'll call just before that's one al Walsh Josh <unk>.

Alicia Yap: Hello. Thank you one each on watch on hall.

Speaker Change #178: Thank you before that's one well.

Speaker Change #114: Capital expenditure totaled <unk> 3 million and depreciation and amortization expenses.

Speaker Change #178: <unk>.

Speaker Change #180: <unk>, just real Jean glad in China, I'm going I'm, assuming you're talking as element Tien Tsin T. One there is a shocking to you Stefan.

Got it and then go on Shui Chechnya's element 10000, Chinchy, Wanda and Jackie do.

Speaker Change #114: Year to 14 5 million.

So you step on the homeland.

Speaker Change #115: Let me now turn the call over to the operator for the Q&A session.

Speaker Change #181: <unk> talked about long call. So I'll call your slots Ah ha.

Speaker Change #141: Paul does so I'll call your slot.

Speaker Change #142: <unk> goldfinch out he catches you got both home does so by trades mutual a shuffle quantum technologies, so all Shonda telecom.

Speaker Change #116: Thank you.

Speaker Change #182: <unk> goal franchisees has juices that bought homes. That's a good trade yeah, how you doing named.

Speaker Change #117: As a reminder to ask a question. Please press star one on your telephone and wait.

Speaker Change #182: <unk> shuffle quantum Chocoholic do show all Shonda Telecom pulse on you and your real hard I got that.

Speaker Change #118: For your name to be announced.

Speaker Change #142: How long do you think you'll run harder.

Speaker Change #119: We show you a question. Please press star one on one again.

Speaker Change #143: Yes, Jason sure you'll mail.

Speaker Change #182: So as you saw at your mail.

We will now take the first question.

Speaker Change #143: Uhm.

Speaker Change #183: Wages are.

Speaker Change #143: Yeah.

Speaker Change #118: Yeah.

Speaker Change #183: Yeah.

Speaker Change #144: Panned out you've got probably a thought it yourself.

Speaker Change #120: From the line of Alicia Yap from Citigroup. Please go ahead.

Speaker Change #183: Panned out you've got probably a thought it yourself.

The hall cornerstone Jade fusion power.

Speaker Change #183: The hall.

Speaker Change #184: Any country Juju power drunk golf.

Alicia Yap: Hello. Thank you one each I'll watch I'll call does it.

Joe Golf Huang King sure sure sure. She told me. She was your house. It's about you got do you need I forgot so call just changing.

Speaker Change #185: Whang <unk> sure sure sure. She told me she was the highest.

Al Walsh: So think before that's one al Walsh from Chi Chow, you're charging stream golf rangefinder Lunchy, there's little Jean glad each unknown Gormless Shui Chechnya's element 10000, Chen Qi <unk> Wonder is that do you Stephane.

Speaker Change #185: You got do you need I forgot.

Speaker Change #185: Oh sure sure.

Uh huh.

Oh yeah.

Speaker Change #185: Yeah.

Thanks management for taking my questions.

Speaker Change #186: Thanks management for taking my questions.

Speaker Change #145: Can management.

Speaker Change #122: A whole bunch of months outlook.

Speaker Change #187: <unk> management.

Speaker Change #146: Comment ended up at hall, you'll be able to overall macro outlook and how will that translate.

So I'll call your slot our whole goal franchisees had to choose a foothold that's about trade mutual named shuffle quantum chocoholic usual all shocked about telecom.

Speaker Change #188: Another debate, how you view, the overall macro outlook and how will that translate.

Speaker Change #147: Transferred to your advertising outlook for the second half of the ship and then can you share with US whether you have all served any meaningful change off the advertiser sentiment and the different industry bucket call any particular ship off the sentiment from any advertisement that you might have also.

Speaker Change #189: Translate to your advertising outlook for the second half of the ship and then can you share with US whether you have all served any meaningful change off the advertiser sentiment and the different industry bucket call any particular ship off the sentiment from any advertisement that you might have also.

Hopefully you didn't really go yeah. So as you saw at your mail volume.

Speaker Change #122: Wager.

Yeah.

Speaker Change #124: And all you got probably a thought it yourself.

Speaker Change #147: And also that management believes the current backhaul environment actually last into next year.

Speaker Change #124: The hall quantity to ensure that juju power.

Speaker Change #190: And also does management believes the current backhaul environment quite actually lap into next year.

Speaker Change #124: Joe.

Speaker Change #124: Whang <unk> sure sure sure she told me.

Speaker Change #147: Yep.

Speaker Change #189: Yep.

Speaker Change #147: Okay.

Speaker Change #189: Yes.

Speaker Change #124: Tricia you got do you need I forgot so call it yourself.

Speaker Change #147: Hum.

Speaker Change #189: Hum.

Speaker Change #147: Sure.

Speaker Change #189: Sure.

Changing all the time.

It can be that can be <unk>.

Speaker Change #191: It can be that can be <unk>.

Speaker Change #124: Yeah.

Speaker Change #125: Thanks management for taking my questions.

Speaker Change #147: No.

Speaker Change #189: No.

And Jonathan I kind of Hana Archie Gould some sheila.

Speaker Change #192: Hello, Jonathan that kind of Hana Archie talk some Sheila.

Speaker Change #125: Can management.

Speaker Change #125: <unk> ended up at hall, you'll be able to overall macro outlook and how will that.

Speaker Change #148: Shellfish Shake shack.

Speaker Change #193: Shelf space.

Speaker Change #148: You bet.

Speaker Change #193: Yeah.

Speaker Change #126: Tranchet to your advertising outlook for the second half of the ship and then can you share with US whether you have all served any meaningful change off the advertiser sentiment and the different industry bucket call any particular ship off the sentiment from any advertisement that you might have also.

Speaker Change #149: Hydro partially beyond what things would you argue to welcome Dave.

Hydro Bhatia: Hydro Bhatia.

Hydro Bhatia: Would you argue to welcome Dave.

Speaker Change #148: Shown on the cheap.

Speaker Change #195: Schroeder you cheap.

Speaker Change #148: Our shorter lead times.

Speaker Change #195: Our shorter lead times.

Speaker Change #148: Our Chicago meets all high that holiday.

Speaker Change #195: Our Chicago Metro all high end cars.

Speaker Change #150: Could you go higher than that.

Hollywood Mcjunkin: Hollywood Mcjunkin with Toyota.

Speaker Change #196: Total enrollment Jonathan will forget employee or what not.

Speaker Change #152: Chicago clients you for 20 years.

Speaker Change #197: On Chicago I answered you for 20 years I sure got.

Speaker Change #153: Got it.

Speaker Change #197: Got it.

Speaker Change #127: And also note that management believes the current backhaul environment actually last into next year.

Speaker Change #197: Okay.

Speaker Change #153: Thank you very much for the question. So first of all in terms of.

Speaker Change #197: Thank you very much for the question. So first of all in terms of our advertisement revenue in Q2 problem Renminbi standpoint, this was flat versus the last quarter and also year on year Wise and also you can see that although we've been experiencing some of the decline and also the.

Speaker Change #153: <unk> revenue in Q2's problem Renminbi standpoint, this was flat versus the last quarter and also year on year Wise and also you can see that although we've been experiencing some of the decline and also the dike.

Yeah.

Speaker Change #127: Yes.

Hum.

Speaker Change #127: Sure.

Speaker Change #128: It can be it can be human tracheal.

Speaker Change #153: The increase over the overall consumption, but still the witness placing the ads windows from the advertisers was pretty much stable. So in terms of the overall revenue in Q2, we can see that there was a negative.

Speaker Change #197: Decrease over the overall consumption, but so the witness for placing the ads windows from the advertisers was up pretty much stable. So in terms of the overall revenue in Q2, we can see that there was a negative.

Speaker Change #127: No.

Jonathan: Jonathan I kind of Hana Archie globe someone Sheila.

Speaker Change #130: Shell phase III.

Speaker Change #130: Sure.

Speaker Change #154: They are impacted by the verticals like the cosmetics and beauty products by about 5% for the rest of the other industries, we are experiencing a pretty much a growth.

Speaker Change #130: Hum hydro partially beyond that.

Speaker Change #197: They are impacted by the board of course, like the cosmetics and beauty products by about 5%, but for the rest of the other industries, we are experiencing a pretty much a growth.

Speaker Change #130: <unk> argued to Dave <unk>.

Speaker Change #130: <unk> achieved.

Speaker Change #130: While our shorter lead times.

Speaker Change #130: Our Chicago Mitchell.

Speaker Change #153: Okay.

Speaker Change #130: So you hear that at all.

Speaker Change #197: Okay.

Speaker Change #153: No.

Jonathan will forget employee or what not one in Chicago.

Speaker Change #197: As always we continue to Suncor Chevron you don't see that kind of on a trajectory where cannot.

<unk> seen that kind of I'm not sure if you cannot.

Speaker Change #131: Actually I'm not sure it's on governance.

Speaker Change #153: The launch of.

Speaker Change #197: So the full launch of <unk>.

Speaker Change #131: Got it.

Speaker Change #153: Sure, but traditionally that's first one.

Speaker Change #131: Yeah.

Speaker Change #153: Jim.

Speaker Change #197: There are some NIM.

Speaker Change #133: Thank you very much the question. So first of all in terms of our advertisement revenue in Q2's Palma Renminbi standpoint, this was flat versus the last quarter and also year on year Wise and also you can see that although we've been experiencing some of the decline and also the <unk>.

Speaker Change #153: Sure.

Speaker Change #197: Sure.

Speaker Change #155: Jean <unk>.

Speaker Change #197: <unk>.

Speaker Change #156: <unk>, we cannot answer that.

Speaker Change #197: Okay.

Speaker Change #197: Now you can't answer that.

Speaker Change #156: Okay.

Official opinion too much you're going to be some sort of following up with a real shot down with the community.

Speaker Change #156: Too much if you're going to be some sort of following up with a real shutdown by the community.

Sure.

Speaker Change #197: Sure.

Speaker Change #156: All cohort or the pro forma based on integration.

Speaker Change #197: Paul cohort or the pro forma total integration Joey shallow.

Speaker Change #133: Increase over the overall consumption, but so the witness placing the ads what goes from there but prices was pretty much stable. So in terms of the overall revenue in Q2, we can see that there was a perfect but didn't go to be negatively impacted by the board of course, like cosmetics and beauty products by about 5% over the rest of the other industries we are experiencing.

Speaker Change #156: Hello.

Speaker Change #156: We cannot do repeat them doing it.

Speaker Change #197: We will conduct you repeat them doing it.

Speaker Change #197: So LIBOR patents.

Speaker Change #156: Zero.

Speaker Change #156: Tony May have had been on some of them you can pull them in.

Speaker Change #197: Oh gosh accounting method been on some of them you can pull them in.

Speaker Change #156: Great.

Speaker Change #197: Great.

Speaker Change #156: Co clinical trials.

Speaker Change #197: Coconut profile.

Speaker Change #157: And what kind of NT dollar, Dave <unk> equivalent between bullish uncle production, coupled with the IP issues.

Dave: Go ahead, Dave.

<unk> telephone future equivalent Queenslander Sionko production.

Speaker Change #133: Pretty much a growth.

Speaker Change #133: Okay.

Dave: The IP issues.

Speaker Change #133: No.

Speaker Change #158: Digital T monitoring how youll do women do you just kind of push your question.

Speaker Change #134: <unk> seen that kind of a.

Dave: They monetize Youtube woman.

Drew: Sure drew.

Dave: So to your question.

Drew: The launch of <unk> <unk>.

Speaker Change #158: Got it.

Dave: Got it.

Speaker Change #158: Okay.

Dave: Yeah.

Drew: Sure.

Speaker Change #159: And also in terms of the Q3 outlook and also the second half performance.

Speaker Change #200: And also in terms of the Q3 outlook and also the second half performance. There are still some uncertainties in terms of the macroeconomic development, especially about the consumption. So we remain very much cautious over the outlook for the rest of the 2020, so still we will be experiencing some of the challenges in terms of the resumption.

She has shrunk in the door.

Drew: Okay <unk>.

Speaker Change #136: Now you can't answer that.

Speaker Change #160: There are still some uncertainties in terms of the macroeconomic development, especially about the consumption. So we remain very much a cautious over the outlook for the rest of the 2020 call. So I'll still we will be experiencing some of the challenges in terms of the resumption multiply the consumption on the macro economy and the first Jeff switches places on this one.

Jonathan: Sure Jonathan.

Jonathan: Sure it won't be at some sort of a follow up on the shutdown of the community.

Jonathan: Hum.

Fourth quarter pro forma fiscal Q3.

Jonathan: Sure Jonathan.

Jonathan: Eventually we will conduct a repeating.

Speaker Change #201: Most of the consumption on the macro economy and the first tier cities places and this is of course going to impact some of the women there's about placing the ads by the advertisement, but still you can see that against the other players.

Jonathan: Zero.

Speaker Change #137: Local option accounting mill has been on some of them you can pull there.

Speaker Change #161: This of course is going to impact some of the women, there's about placing the ads by the advertisement, but still you can see that against the other players in this advertising industry Wyborcza advertising businesses are relatively not that big.

Speaker Change #137: Great.

Speaker Change #137: Co clinical therapy beyond cancer and downward.

Dave: Dave can pay up with association beautiful, Thank you couldn't deliver sionko production.

Speaker Change #202: Players in this advertising industry Wyborcza advertising business is a relatively not that big.

Speaker Change #139: The IP choose one.

Speaker Change #162: So we are seeing somewhat cautious I behaviors of the placing backed by the advertisers, but still in terms of the new product launch on some of the other a lot of a diabetic.

Speaker Change #202: So still we are seeing some of the Precautious about hey, there's all the places by the advertisers, but still in terms of the new product launch on some of the other a lot of untitled letters.

Speaker Change #140: Due to say monetize Youll do woman to you Sean.

Speaker Change #140: Of course, you wish him.

Speaker Change #141: Got it.

Speaker Change #141: Okay.

Speaker Change #143: And also in terms of the Q3 outlook and also the second half performance. There are still some uncertainties in terms of the macroeconomic development, especially about the consumption. So we remain very much a cautious over the outlook for the rest of the 2024.

Speaker Change #162: Related to the new products are the customers are tending to choose those top notch idea and also top notch platforms to do there.

Speaker Change #202: Related to the new products are the customers are tending to choose those top notch idea and also talking about platforms to do there.

Speaker Change #162: But its been and also promotion. So this is going to help us to acquire additional budget from this standpoint, okay.

Speaker Change #202: Advertisement and also promotion. So this is going to help us to acquire additional budget from this standpoint.

Speaker Change #162: Okay.

Speaker Change #202: Okay.

Speaker Change #144: So we will be experiencing some of the challenges in terms of the resumption multiply the consumption on the macro economy and first Jeff switches places and this is of course going to impact some of the women there's about placing the ads by the advertisements, but still you can see that against the other players in this advertising industry Wyborcza advertising businesses.

So there's one or two of them, which are owned by that cohort.

Speaker Change #203: Well two of them, which are owned by that Moon Cook with your opinions on that.

Speaker Change #162: Ideally like.

Speaker Change #202: Usually like a hunter element.

Speaker Change #162: This is the last question.

Speaker Change #204: Listen I appreciate the.

Speaker Change #202: Question on King Carter.

Speaker Change #162: Connie.

Speaker Change #163: I wish you for Aqua.

Speaker Change #202: I wish you for <unk>.

Speaker Change #163: No.

Speaker Change #202: No.

On the shelf.

Speaker Change #202: Turning to the shelf in a framework I shouldn't be archived on our coke with <unk>.

Speaker Change #164: Shopping a framework I shouldn't be archived on our coke with <unk>.

Speaker Change #144: I mean not that big.

Speaker Change #165: The <unk> program.

Speaker Change #144: So still we are seeing some of the Precautious about hey, there's also placing that by the advertisers, but still in terms of the new product launch on some of the other a lot of them, but it's.

Speaker Change #202: Cohorts and program.

Speaker Change #166: Since Andrew how are you and how much do your quality man couldn't pull the trigger until they mature club also important.

Speaker Change #202: Since Andrew how are you and how much do you got quality man couldn't go that you can really immaterial to our bulk and potent.

Speaker Change #165: Three if I may.

Speaker Change #205: If I may.

Janet: Thank you Janet.

Speaker Change #202: From China.

Thank you.

Speaker Change #145: Related to the new products are the customers are tending to choose those are top notch idea and also a top notch platform to do a bit of a box advertisement and also promotion. So this is going to help us to acquire additional budget from this standpoint.

Speaker Change #202: Thank you.

Speaker Change #202: The all in GBM.

Speaker Change #168: To begin the <unk>.

Speaker Change #202: <unk>.

<unk> tenure <unk> cookbook told from the change in the churn.

Speaker Change #202: B tenure Buccino earthquake, Coca Cola, Fanta zero and changing the Chengdu alcohol.

Speaker Change #168: Do alcohol.

Speaker Change #168: Cheyenne sure sure.

Speaker Change #206: And I don't know Xiaomi internationally.

Speaker Change #168: Sure.

Speaker Change #144: Yes.

Speaker Change #168: <unk> year Roku range Matt.

Speaker Change #206: <unk> your Roku range Matt.

Speaker Change #146: So, while it's warm which I'm wrong about.

Speaker Change #168: IP, whether or not there right now.

Speaker Change #206: IP.

Speaker Change #147: Matt Moon Cook with your opinion from the.

Speaker Change #168: I'd say people tissue.

People know that tissue.

Speaker Change #148: Or do you live element to this.

Speaker Change #168: Im not sure that.

Speaker Change #206: And that you can.

Speaker Change #168: Computer go off and what that comes out how could we think that <unk> got it.

Speaker Change #149: Two questions.

Speaker Change #206: Compete aquafina opening balance sheet.

Matthew: Hi, Matthew.

Speaker Change #151: I wish you for Aqua.

Speaker Change #206: Got it.

Right.

Okay.

Speaker Change #152: No I'd say youre hiring an icon on the shelf in a framework harsher.

Speaker Change #169: And also Furthermore, we can see that we are able to divide the customers into three categories. So at three times. The first category is in the FMC, J midstream, including a food and beverages, the apparel and shoes as well as entertainment and also at the bottom of industries. So I'll still the scale of the consumption or the volume in total is pretty.

Speaker Change #206: And also Furthermore, we can see that we are able to divide the customers into three categories. So three times. The first category is in the us.

Speaker Change #151: From a cookbook.

Speaker Change #151: The co cohort and telephone call.

Speaker Change #151: Andrew how are you and how much do you cough.

Speaker Change #206: M C J industry, including the food and beverages, the apparel and shoes.

Speaker Change #153: Quality and couldn't pull the trigger and real damage is also important.

Speaker Change #207: Attainment and also Debottleneck industries, so I'll still the scale of the consumption or the volume in total is pretty large so even if the customers put them a couple of questions and navigating the budgets for the medicine.

Speaker Change #154: Three if I may.

Speaker Change #155: We tend not to do so.

Speaker Change #155: It is essential we have condor.

Speaker Change #170: At lunch, so even if the customers put them on shelf, but cautious in allocating the budgets for the medicine.

Speaker Change #155: All in <unk>.

Speaker Change #155: And the <unk>.

But still there are quite a intentions and are searching for new IP and also concentrate on those top notch platforms. So for instance in Q3, we had a big up activities like the Olympic games, I think I'll say about in terms of the Oh.

Speaker Change #207: But still there are quite a intentions and are searching for new IP and also concentrate on those top notch platforms. So for instance in Q3, we had a big up activities like the Olympic games on it I'd say about <unk> in terms of the Oh type.

Coca Cola Fanta zero and changing the Chengdu alcohol.

And I got a shiny internationally.

Speaker Change #155: Peter.

Speaker Change #155: Roku range with.

Speaker Change #155: With IP, whether or not that long.

Speaker Change #156: People and then I appreciate that.

Speaker Change #171: Lending rate and also the other parameters we have seen a very good improvement and also the boost so meaning that the customers are willing to spend budget on acquiring those top notch Ids and also collaborating with a top notch platform. So from this standpoint, weibo still expense in terms of advantages.

Speaker Change #156: Got it.

Speaker Change #207: Setting rate and also the other parameters we are seeing a very good improvement and also the boost so meaning that the customers are willing to spend budget on acquiring those top notch Ids and also collaborating with a top notch platform. So from this standpoint weibo still stands in terms of higher voltages.

Speaker Change #156: We see that we're often the opening balance sheet.

Sure got it.

Right.

And also Furthermore, we can see that we are able to divide the customers into three categories. So three times plus category and the FMC J industry, including the food and beverages, the apparel and shoes as well as entertainment and also at the bottom of industries. So I'll still the scale of the consumption or the volume in total it was pretty low.

Okay.

Speaker Change #207: Hey.

Speaker Change #171: I hope you heard redemption actually tissue bulk water machine.

Speaker Change #208: I would definitely help you float redemption, not really too sure bulk Oreo Ashish <unk> Jonathan.

Speaker Change #171: Jonathan.

Speaker Change #172: Yeah, Yeah sure.

Yes.

Speaker Change #156: So even though the customers put them on shelf, but cautious in navigating the budgets for the medicine.

Speaker Change #207: Yeah.

Speaker Change #209: Yes, sure sure sure.

Speaker Change #172: Sure sure sure.

Speaker Change #209: So phase III.

Speaker Change #173: Thank you.

Speaker Change #209: Thank you.

Speaker Change #174: I'll keep them that ashish.

Speaker Change #210: The children to actually move that Ashish Roku.

Speaker Change #157: There are quite a intentions.

Speaker Change #174: Coca Cola competent introducing chimpanzee energies on fusion acquisition Amphenol.

Speaker Change #158: Searching for new IP and also concentrate on those top notch platforms. So for instance in Q3, we had a big up activities like the Olympic games.

Speaker Change #211: <unk> comprehensive <unk> <unk> CFO.

Speaker Change #174: Two for me.

Speaker Change #211: Formula going a little deeper.

Speaker Change #175: Hello, Daniel.

Dan: Hello, Dan.

Speaker Change #175: Got it.

Speaker Change #213: Could you touch on one.

Speaker Change #159: I will say that in terms of the.

Speaker Change #175: Given the lead time.

Speaker Change #213: Given the lead time.

Speaker Change #175: Thanks.

Speaker Change #159: Sending rate and also the other parameters we are seeing a very good improvement and also the boost so meaning that the customers are willing to spend budgets on acquiring those top notch Ids and also a collaboration with a top notch platform. So from this standpoint weibo still stands in terms of advantages.

Speaker Change #213: Thanks.

Speaker Change #175: Sure.

Speaker Change #214: Let me be honest Youll ship.

Speaker Change #177: Obviously, you should go back to National Telecom shutdown there.

Speaker Change #215: With that introduction, which found that shutdown there sure.

Speaker Change #175: Sure.

Speaker Change #175: I shall be change on pension.

Speaker Change #215: What I shall be changed.

One two parter.

Speaker Change #215: Number one two parter.

Speaker Change #178: Touch on a couple of ICR.

Speaker Change #215: Gotcha.

Kinder to volunteer to one or two quarter Shmuel actually it could be domination.

Speaker Change #215: Kinder to all of you to willing to garner Shaw.

Speaker Change #215: It could be domination.

Speaker Change #159: Yes.

Speaker Change #178: Okay.

Speaker Change #215: Okay.

Speaker Change #160: I would definitely help you float redemption of Ashford Itchy sure backward Ashish <unk> Jonathan.

Speaker Change #178: Tissue women content anywhere.

Speaker Change #215: Tissue and then content cost anyway.

Speaker Change #178: Got it.

Speaker Change #215: Got it.

Speaker Change #178: Yeah.

Speaker Change #159: Yes.

Speaker Change #215: Yeah.

Speaker Change #178: And also for the other industries and verticals for instance, you have thoughts on Automotives gaming, that's what himself films on movies and those entertainment Industries places, where we're experiencing pretty much pressure on the stress over the consumption improvement on a resumption.

Speaker Change #159: Yes.

Speaker Change #215: And also for the other industries and verticals for instance, you have that.

Speaker Change #161: Sure sure sure Phase III Miami.

Speaker Change #161: In terms of housekeeping that Simeon.

Speaker Change #216: Automotives gaming, that's what himself films on movies and those entertainment industries. For instance, we are experiencing pretty much a pressure on the stripes over the consumption improvement than a resumption.

Speaker Change #161: Coca Cola comprehend <unk> Shimbun.

Speaker Change #161: <unk> app with our staff.

Speaker Change #161: That's it from me.

Speaker Change #161: Hello, Dan Shulman could you touch on that.

Speaker Change #179: Most of the competition's pretty much around the new products and some of the new movie marketing questions and also promotion. So people and also different companies are competing with us.

Speaker Change #216: So most of the competitions are pretty much around the new products and some of the new movie marketing classes and also promotion. So people and also different companies are competing with us.

Dan Shulman: Given the lead.

Dan Shulman: Thanks.

Dan Shulman: Sure.

You should go back with production shutdowns.

Speaker Change #163: I'm not sure.

Speaker Change #163: Alcohol that shall be cheating in January.

Speaker Change #179: Each other to get more market share around the marketing for new products and new launches.

Speaker Change #216: Each other to get more market share around the marketing for new products and new launches.

Speaker Change #164: One two parter.

Speaker Change #165: Got you.

Speaker Change #165: So now she's kinder to quality it wanted to Chris Shaw actually it could be domination.

Speaker Change #179: So what it will still holds our advantage in this particular area in terms of a hotspot.

Speaker Change #216: So what it will still holds our advantage in this particular area in terms of a hotspot.

Speaker Change #165: Okay.

Actual topics ask what else that'd be a very good relationship with small cloud the customer.

Speaker Change #165: Tissue women.

Speaker Change #216: The topics I just wanted to be a very good relationship with small cloud the customer.

Speaker Change #165: Anyway.

Speaker Change #166: Got it.

Speaker Change #179: Customers so in that sense.

Speaker Change #216: Customers so in that sense.

Speaker Change #180: For instance in the summer holiday the box office also most of the new movies, they don't slow down or a decrease of longtime Yo yeah, why it's come down with the same period last year almost happened in terms of the total value of the box office, but still because of a very good relationship and our customers are choosing whiteboard to promote.

Speaker Change #167: And also for the other industries and verticals for instance, you have pets and automotive and gaming that's what himself films on movies and those entertainment industries finances, we are experiencing pretty much pressure on the stress over the consumption improvement on the resumption.

Speaker Change #217: For instance in the summer holiday the box office also most of the new movies, they don't slow down or decrease a lot Oh, yeah. Why is comparable with the same period last year almost happened in terms of the total value of the box office, but so because of a very good relationship and our customers are choosing whiteboard to promote.

Speaker Change #167: So most of the competition's pretty much around the new products and some of the new movie marketing classes and also promotion. So people and also different companies are competing with us.

Speaker Change #181: Are there new products and also increasing their budget on us. So from this standpoint, we are still increasing our revenue and we do have our advantage in this area.

Speaker Change #217: Are there new products and also increasing their budget on us. So from this standpoint, we are still increasing our revenue and we do have our advantage in this area.

Speaker Change #167: Each other to get more market share around the marketing for new products and new launches.

Speaker Change #180: Okay.

Speaker Change #217: Okay.

Speaker Change #180: The manager kind of him.

Remind you work on them.

Speaker Change #180: Hi, Anthony.

Speaker Change #168: So <unk> still holds our advantage in this particular area in terms of hotshot.

Speaker Change #217: Hi, Anthony.

Speaker Change #180: We originally swapped while MBR. Thank you Shannon.

Speaker Change #217: We originally saw Paul MBR, Thank you Shannon.

Timna: Have any of the LTA, which quarter Timna how are you.

Speaker Change #180: Quarter to date.

Speaker Change #169: Actual topics asked what else I'd be a very good relationship with small club customers.

Speaker Change #182: Tricia shellfish I don't know.

Tricia: Tricia choppy shutdowns.

Speaker Change #182: Yes.

Speaker Change #169: Customers so in that sense.

Speaker Change #183: Yes, she P&L with Usher jobs.

Tricia: Three <unk>.

Speaker Change #169: For instance in the summer holiday the box office also most of the new movies.

John Cantone: Sure John.

Speaker Change #183: Cook with that whenever you can charge a little shallower.

John Cantone: On cookbook that whenever you can charter honestly shallow.

Speaker Change #183: Diagnose with Xiaomi.

Speaker Change #169: Slow down or decrease a lot yeah why is comparable with the same period last year almost happened in terms of the total value of the box office, but still because of a very good relationship and our customers are choosing whiteboard should promote their new products and also increasing our budget on us. So from this standpoint, we are still.

John Cantone: Diagnose with Xiaomi.

Speaker Change #183: Women that GWG was showing an outbreak of Voyager.

John Cantone: Women that GWG was shown in Africa, Russia.

Speaker Change #183: So we'll now halfway to wish all of them.

John Cantone: That's a one off highway and wish him all the bulk of this year.

Speaker Change #183: Bulk of this year.

Speaker Change #183: <unk>.

Speaker Change #220: <unk> what are you not sure how you win that you've done the Xiaomi channel in China, Malaysia, and a higher share it sounds like <unk> got it.

Speaker Change #183: And how you win that you don't need the Xiaomi channel in China, Malaysia, and a higher share.

Speaker Change #183: <unk> got it.

Speaker Change #169: Increasing our revenue and we do have our advantage in this area.

Speaker Change #183: And also for the third category, we're talking about those stressful administering <unk> cosmetics and beauty products and also some of the luxurious blood.

Speaker Change #221: And also for the third category that we're talking about those stressful administering <unk> cosmetics and beauty products and also some of the luxurious blood.

Speaker Change #169: Okay.

Speaker Change #170: The manager kind of him.

Anthony: Hi, Anthony.

Speaker Change #170: Hey, John Paul MBR, Thank you Kevin.

Speaker Change #184: We have seen a very stressful situation over the resumption in the increase of the consumption as a whole. So in this particular industries. The customers are not are choosing to launch any new products on I know that you've got a better results. So as a result, we've been seeing the most of the ads what pretty much that performance based ads or some of the discounts and promotional.

Speaker Change #222: We've now seen a very stressful situation over the resumption in the increase of the consumption as a whole. So in this particular industries customers are not are choosing to launch any new products that you've got a better results. So as a result, we've been seeing most of the ads what pretty much that performance based ads or some of the discounts and promotional.

Speaker Change #170: You can quantitate Regina Hall here.

Tricia: Tricia shellfish identify that view.

Speaker Change #170: At three <unk>.

Speaker Change #170: <unk> production.

Speaker Change #170: Cook with that put them on and then you can charge, which was honestly shallow.

Speaker Change #170: It Didnt diagnose with Xiaomi.

Speaker Change #173: As you know the Jewish coming out.

Speaker Change #184: <unk> or campaigns, so weibo is less competitive and there's pumps.

Speaker Change #222: Termites or campaigns, so weibo is less competitive in those funds.

Speaker Change #170: Yes sure.

Speaker Change #170: Well not halfway done with the bulk of this year a coupla towards Asia.

Speaker Change #185: <unk> of course, but we can still gain all revenue by getting the budget itself. The performance based ads from our customers or organizing some of the campaigns for our customers, but still LIBOR is less competitive.

Of course, we can still gain all revenue by getting the budget itself. The performance based ads cuomo customers or organizing some of the campaigns for our customers, but still LIBOR is less competitive.

Speaker Change #174: What are your initial kind of how we win.

Speaker Change #170: <unk> channel.

Speaker Change #175: Tom ablation.

Speaker Change #176: It sounds like <unk> got it.

Speaker Change #186: The previous two categories and also the marketing methods and Sabrina.

Speaker Change #222: The previous two categories and also the marketing methods.

Speaker Change #176: Yeah.

Speaker Change #177: And also for the third category, we're talking about those stressful industry as planned since the cosmetics and beauty products and also some of the luxurious blood.

Speaker Change #222: Sabrina.

Speaker Change #186: Okay.

Speaker Change #222: Yeah.

Speaker Change #186: Sure.

Speaker Change #222: Sure.

Speaker Change #186: Thank you.

Speaker Change #178: We have seen a very stressful situation over the resumption in the increase of the consumption as a whole. So in this particular industries, where customers are not choosing to launch any new products on and I know that you've got a better results. So as a result, we've been seeing most of the app, what pretty much that performance based ads or some of the discounts and promotional.

Speaker Change #222: Alright, thank you.

Speaker Change #186: Thank you.

Speaker Change #223: Thank you we will now take the next question.

Speaker Change #186: We'll now take the next question.

From the line of switching Zhang from TICC. Please go ahead.

Speaker Change #224: From the line of switching Zhang from TICC. Please go ahead.

Speaker Change #187: ACC, Oklahoma transitional or tease out what the one piece you're going to add to say that our mature eight Archie a confluence fishery and chewy Thomas Chong Hong Kong.

Speaker Change #224: Okay.

Speaker Change #225: Transitional or tease out what the one piece you're going to add to say that our mature eight Archie a constant official yet chewy tomo in Shanghai and Hong Kong.

Speaker Change #178: <unk> or campaigns, so weibo is less competitive and there's pumps.

Speaker Change #188: Archie and goes to the Sunshine and settlements that I can say for mens Jean Jacques now <unk> Mayo, Shanghai, Shanghai, Saudi Achee shale show up onshore.

Speaker Change #226: Most everything goes to the Samsung settlement that I can say for mens Jean Jacques now that they want.

Speaker Change #178: So of course, but we can still gain all our revenue by getting the budget itself. The performance based ads cuomo customers or organizing some of the campaigns for our customers, but still LIBOR is less competitive versus the previous two categories and also the marketing methods and Sabrina.

Speaker Change #227: Shanghai, Shanghai, Saudi Archie shale show up onshore Ashish thanks.

Speaker Change #189: Yeah. So thanks management for taking my question. My question regards an agile state we're not sure that the company self developed virtually Dodge language models successfully partially registration in July our trial dates for development and you say how does it help our content production and commercialization efficiencies. Thank you.

Speaker Change #228: Thanks management for taking my question. My question regards an agile stay or not that's the company's self developed which you laid out your language model successfully popular registration in July our trial dates for development.

Speaker Change #178: Okay.

Speaker Change #178: Sure.

Speaker Change #229: Say, how does it help our content production and commercialization efficiency. Thank you.

Speaker Change #178: Alright, thank you.

Thank you we will now take the next question.

Speaker Change #189: No.

Speaker Change #229: No.

Speaker Change #189: Congrats on good accuracy.

switching Zhang: From the line of switching Zhang from TICC. Please go ahead.

Speaker Change #230: Congrats on good accuracy to GMP kind of unusual.

Speaker Change #189: 19 T shirts, the whole generic shush environment.

Speaker Change #231: 19, future home generic shush environment.

Zhang: ACC alkaline and transitional or tease out what the main piece, you're going to add to say that all women to eat out see a constant official yet.

Speaker Change #189: Got that machine to be up to them, which and if I may to the motion, which has so many accompany the bigger one for you.

That machine to move beyond the two of them, which and if I may to the motion, which has so many chimpanzee the golar igloo.

Thomas Chong: Hey, Thomas Chong, Hong Kong, Let's say, Oh, my gosh, the Sunshine and settlements that I can see found men's 18, Jean Jacques now that they will mail Shanghai, Shanghai Saudia T shale onshore Ashish.

Speaker Change #189: <unk> picture bulk water.

Speaker Change #231: So you add time, Geotrichum cohesive picture bulk water ban.

Speaker Change #189: And I'll kind of dig in a courtroom.

Speaker Change #231: Why not kind of it.

Thank you Sharon Highway flows Williamson from their home and what are you in fact, Hershey actual results TSMC not when.

Speaker Change #232: Thank you Sharon Highway fluids were down from there but are you in fact Hershey.

Speaker Change #182: Management for taking my question. My question regards agile state, we know that the company self developed which you laid out your language mogul successfully pass really retro solution in July our trial dates for development there or did you say how does it help our content production and driving efficiency. Thank you.

Speaker Change #232: Which results TSMC.

Speaker Change #189: When she wants it to people.

Speaker Change #232: We'll Miss you I don't think there'll be able to tell it goes into motion onto them and going to that function.

Speaker Change #189: It goes into motion coupon to them are going to function.

Quarterly from equity team on that question.

Speaker Change #232: Accordingly from equity team production, because you know what.

Speaker Change #189: Got it.

Speaker Change #232: Got it.

Speaker Change #189: Sure.

Speaker Change #232: Sure.

Speaker Change #189: And thank you for this question.

Speaker Change #233: And thank you for this question.

And also a sizable previously your weapons shared with everybody.

Speaker Change #233: And also I spoke about previously women shared with everybody.

Speaker Change #182: No.

Speaker Change #183: Jim Congrats for him and goes on to Andre <unk> <unk> kind of in the Ocean.

Speaker Change #189: The application of AI GSE by Weibo are and the standpoint of generating content for the platform and also in housing the interaction between the users and more users.

The application of Aig's by Weibo are and the standpoint of generating content for the platform and also in housing and the interaction between the users and among users and the <unk>.

Speaker Change #184: 19 future sure.

Speaker Change #184: Senior tier two ish environment.

Speaker Change #186: That machine to be honest to them, which and you've heard me I didn't wish him with him. So many accompany the scorecard is a good one.

Speaker Change #190: Second half or later stage of the July we were hearing about the approval of the 11th at the bottom by Weibo by the government and also we use this technology to further boost and also involves the AI products that we are application. We are applying now for instance, the comment in our robots and also some of the AI.

Speaker Change #233: Second half or later stage of the July we were hearing about the approval of the 11th by Weibo by the government and also we use this technology to further boost and also enhance the AI product that we are application. We are applying now for instance, the comment in our robots and also some of the AI.

Speaker Change #184: Yes.

Speaker Change #184: Future bulk water.

Speaker Change #184: Canada.

Speaker Change #187: Thank you Shannon highly influential assumptions on that whole and what are you in fact the actual.

Speaker Change #184: TSMC.

Speaker Change #190: Assistance in getting the smallest of the users. So we hope that side, the intellectual and based on the contents byway bolt on on the Weibo platform is going to be more intelligent and also a timely fashion.

Shimon: Shimon think there'll people got it goes into motion onto our Condor that function.

Speaker Change #233: Assistance in getting to the smallest of the users. So we hope that the intellectual based on the content by Weibo on on the Weibo platform, it's going to be more intelligent than also timely fashion.

Speaker Change #184: <unk> production.

Speaker Change #189: Got it.

Speaker Change #189: Okay.

Speaker Change #190: And thank you for this question.

Speaker Change #190: Okay.

Speaker Change #233: Okay.

Sure Taylor, Michigan launch and that's our R&D tool.

Speaker Change #191: And also I spoke about previously women shared with everybody about the application of AI GSE by Weibo and.

Speaker Change #234: Sure Taylor, Michigan launch and into R&D to drive selling anywhere else on I'm not sure you're going home.

Speaker Change #190: Anybody else want I'm not sure.

Speaker Change #190: You gave me an accurate enabling in maintaining some time showing retail Netherlands.

Speaker Change #234: So two more kind of an easier for me an accurate enabling them in maintaining some time showing retail Netherlands.

Speaker Change #191: From the standpoint of generating content to the platform and also in housing and the interaction between the users and among users.

Speaker Change #190: Total <unk> sales were kind of.

Speaker Change #234: Throughput oil portion kind of sales of our patented zone.

Speaker Change #190: Additive to them.

Speaker Change #191: Second half or later stage of the July we were hearing about the approval of the 11th by Weibo.

Speaker Change #190: So issue.

Speaker Change #234: So you shouldn't.

Speaker Change #190: We've had a huge year for maturation building.

We've been a huge area for that so if you're building a huge on azure.

Speaker Change #190: <unk> cut.

Speaker Change #191: Scott are you did you mentioned bobble in three of our publishing team.

Speaker Change #235: We have cut our user demand people into your power tpa or publisher team.

Speaker Change #191: By the government and also we use this technology to further boost and also enhance the AI product that we are application. We are applying now for instance, the comments on the robots and also some of the AI assistance in getting to the smallest of the users. So we hope that the intellectual and based on the content by Weibo on on the Weibo platform.

Speaker Change #192: That contributed to his name on the <unk>.

Speaker Change #235: I'm not sure that will choose to hit and then on the <unk> or <unk>.

Speaker Change #192: It was achieved through acquisition.

Speaker Change #236: It was achieved to position them.

Okay.

Speaker Change #235: Okay.

Speaker Change #192: That's it for periods in which you can convert that shoe.

Speaker Change #235: That's a portion of <unk> that's true.

Speaker Change #192: So that didn't get easier from here.

Speaker Change #237: So that didn't nail that easier.

Now, let me show you forgot to open shortly.

Speaker Change #192: You forgot towards them in just a little caution that that's attributable to Montana to Qdoba.

Speaker Change #191: It's going to be more intelligent than also timely fashion.

I assume that's attributable to more kind of tradeoff I mean.

Speaker Change #191: Okay.

Speaker Change #192: Do you mind, taking a motion and that there arent.

Speaker Change #192: If I'm in Australia.

Speaker Change #238: If I'm in Australia.

Speaker Change #192: Not that we deemed alluded to.

Speaker Change #239: We think into alluded to yeah.

Speaker Change #192: Come on you anyway, a product not sure Julien.

Speaker Change #192: Save them in huge huge alright.

Speaker Change #240: So I'd say from an <unk> that alright, thanks Trevor.

Speaker Change #194: Two more kind of an EPA Permian anchored on the enabling me in maintaining some kind of showing you kill neurons.

Trevor: Alright, Thanks Trevor.

Trevor: Not only might take are coming from it.

Speaker Change #241: I'll remind you as you're trying to take her coming for method of treating children to address Liberty agreement that we're kind of in the country to solar company in Georgia women supercritical.

Speaker Change #195: And we thought to put them behind us.

Trevor: To address Liberty agreement that were kind of Tushar two solar company in Georgia women supercritical Emmanuel <unk> to meet the output on local and there are some that idea.

Speaker Change #195: So it's a lot harder with patented dual.

Speaker Change #195: <unk>.

Speaker Change #195: We've been a huge area for that so you shouldn't be owning great. Thank you John.

Speaker Change #242: <unk> to meet our output on local and there are some that idea.

Speaker Change #196: Cut or you didn't mention Buffalo into a bundle of Tpa and publishing team.

Trevor: Total anesthesia no woman from where it is.

Speaker Change #242: Total anesthesia no women converted.

Speaker Change #197: Thank you for that question to his name on the future of TTM.

Trevor: Tier two.

Speaker Change #242: Tier two.

Trevor: Rice with OCA known even Indonesia pass all of them so that you're.

Shlomo: Hi, Shlomo.

Speaker Change #198: The truth was achieved through acquisition.

Speaker Change #244: If an alternation pass all of them, they're not sure what you're awarded 20 go towards your hope, we're not going to put up a brand new.

Trevor: Awarded 20 go towards you hopefully not focusing on for that particular branded.

Speaker Change #197: Okay.

Speaker Change #199: That's it datacom, which is converting that Sheila.

Trevor: Key products.

Speaker Change #244: Telefonica key products with elements of 40 minutes.

Trevor: So 40 minutes.

So other than that yes.

Speaker Change #199: Now Michelle you forgot to.

Trevor: We have shown that simply can't collect or I know youre in.

We have shown it to Karen <unk>.

Michelle: I assume that's attributable to more kind of tradeoff I mean.

Trevor: That's helpful.

Speaker Change #244: How about China.

Speaker Change #194: Michelle will Katanga time here with your entrance into the module makers.

Speaker Change #200: The dealer channel.

Speaker Change #245: Michelle will katanga.

Michelle: If I'm in Australia.

Speaker Change #245: The module maker.

Trevor: Uh huh.

Michelle: Jonathan we think alluded too yes.

Speaker Change #194: Sure.

Speaker Change #245: Sure.

Speaker Change #194: And after that suddenly you get those vehicles.

Speaker Change #245: And after that suddenly you get those vehicles.

Michelle: If I'm in huge huge in that alright, thanks Trevor.

<unk> gone through yet.

Speaker Change #246: <unk> gone through yet.

Speaker Change #194: TTM to Q&A, shortly which you won't go out next year.

Speaker Change #202: Thank you for your kind of take.

Speaker Change #246: TTM to Q&A, shortly which you won't go out next year.

Speaker Change #202: Heiko.

Speaker Change #203: Coming from it.

Speaker Change #204: To address Liberty agreement that we're kind of in the country for solar company in Georgia.

Speaker Change #194: Okay.

Speaker Change #246: Okay.

Speaker Change #194: Also the second thing that I'd like to say is that in Q2, we've been or in the first half upside. This year also we had a better interpretation and understanding capability by this AI model, especially the multi model understanding and also interpretation of the contents on label because we know that there are.

Speaker Change #205: So for example in <unk> to meet your output on the Ocado Nagel Chairman.

Speaker Change #246: Also the second thing that I'd like to say is that in.

Speaker Change #246: Q2, we've been or in the first half upside. This year also we had a better interpretation and understanding capability by this AI model, especially the multi model understanding and also interpretation of the contents on label because we know that there are millions or billions of contents generated by.

Speaker Change #206: Total anesthesia no women tune what it will add.

Speaker Change #206: Tier two panel high school or.

Speaker Change #207: Even though Indonesia pass all of them did not so that you will just go towards you hopefully not following up with up to 200.

Speaker Change #195: Millions of dollars billions of contents generated by the random users and also because these contents were randomly generated by users. It was not a standardized kind of it was not a structured and also it was not that common.

Speaker Change #208: Telefonica key products.

Speaker Change #209: <unk> thousand 640 minutes.

Speaker Change #246: The random users and also because these contents were randomly generated by the users.

Speaker Change #210: We are showing.

Speaker Change #210: Showing no Tipton, Kevin QR code.

Speaker Change #211: Hello Hello.

Luciano: Luciano will katanga.

Speaker Change #246: Not a standardized kind of it was not a structured and also it was not that common.

Speaker Change #213: So to the motion.

Speaker Change #213: Sure.

Speaker Change #213: And after that you get.

Speaker Change #195: Following a certain pattern in terms of the total user. So also those contents, where having the image from the video and also taxes. So at the current stage the recommendation of those contents to the relevant targeted users.

Speaker Change #246: Following a certain pattern in terms of the total user. So also those content as we're having the image from the video and also taxes. So at the current stage the recommendation of those contents to the relevant target users is still based on the correct emphasize that interpretation and understanding of those contents.

Speaker Change #213: <unk> gone through yet.

Speaker Change #213: In Pts to Q&A, shortly which you won't come out of the tier four.

Speaker Change #213: Okay.

Speaker Change #213: Also the second thing that I would like to say is that in Q2, we've been or in the first half bulk side. This year also we had a better.

Speaker Change #195: Based on the correct emphasize that interpretation and understanding of those contents.

Speaker Change #195: On stage three large language models that we have got approval.

Speaker Change #246: So at the current stage the Lodge language models that we have court approval.

Speaker Change #214: Compensation and an astounding capability by this AI model, especially the multiyear model understanding and also interpretation of the content on Weibo, because we know that there are millions, but billions of contents generated chips by the random users and also because these contents were randomly generated by the users.

Speaker Change #195: And just want to better understand and also more precisely understand and then okay.

Speaker Change #246: In response to better understand and also more precisely on a standalone.

Speaker Change #196: The our message and content. They know about you have a more precise recommendation to the users and now we have a coverage of almost 90% of the users but of course there are some of the work that we need to fund our working on.

Speaker Change #246: Our message and content in order to have a more precise recommendation to the users and now we have a coverage of almost 90% of the users but of course there are some of the work that we need to fund our working on.

Speaker Change #214: It was not a standardized kind of it was not structured and also it was not that common.

Speaker Change #196: In order to improve but the position is so off the understanding and also we need to do some of the for the restaurants to increase the computational power in this area as well so still we.

Speaker Change #246: In order to improve the position us off the understanding and also we need to do some of the for the restaurants to increase the computational power in this area as well so still we.

Speaker Change #214: Following a certain pattern in terms of the total user. So now also those contents, where having the image from the video and also taxes. So at the current stage the recommendation of those contents to the relevant target users is still based on the correct emphasize our interpretation and understanding of those contents.

Speaker Change #197: Observing the future potential of this particular feature on the second point I'd like to say that and now in terms of research and results. They lost some of the resolve stuff on the media or media or from the random uses so the this particular AI is able to help users winning one minute to conclude on some.

Speaker Change #247: Observing the future potential of this particular feature on the second point I'd like to say is that so you know and now in terms of research and results. They lost some of the resolve stuff on the media or media or from the random uses so the this particular AI is able to help users winning one minute to conclude than some.

Speaker Change #214: So at the current stage the Lodge language models that we have got approval.

Speaker Change #214: And this function to better understand and also more precisely on a standalone.

Speaker Change #197: You're such a contention.

Speaker Change #246: As such the contents so that.

The user experience is going to be much better and they're using the substructure of weibo and that because of this in Q2, we had already in the year.

The user experience is going to be much better and they're using the search feature of Weibo and that because of this in Q2, we had already in the year.

Speaker Change #215: Our message and content. They don't have to have a more precise recommendation to the users and now we have a coverage of almost 90% of the users but of course there are some of the work that we need to fund our working on.

Speaker Change #197: This particular feature exceeding 10 million already but this is only one of the example that we are trying to get a bit of AI and also in the near future. We are going to have a better trial of this and helping us to better interpret notwithstanding the content and also to trigger.

This particular feature exceeding 10 million already but this is only one of the examples that we are trying to get a bit of AI and also in the near future. We are going to have a better trial of this and helping us to better interpret notwithstanding the content and also to trigger.

Speaker Change #215: In order to improve but the position is so off the understanding and also we need to do some of the for the restaurant side to increase the computational power in this area as well so still we.

Speaker Change #197: Based on the information based flow that we have.

Speaker Change #246: Based on the information based flow that we have.

Observing the future potential of this particular feature on the second point I'd like to say is that so you know and now in terms of research and results. There are a lot of some of the results stuff on the media or media or from the random uses so the this particular AI is able to help users winning one minute to conclude and Sun.

Speaker Change #197: So based on the other capabilities that we have we are going to have a better use and application of the AI teacher and also this technology okay.

Speaker Change #246: So based on the other capabilities that we have we are going to have a better use and application of the AI teacher and also this technology okay.

Speaker Change #197: Okay.

Okay.

Speaker Change #197: Thank you there are no further questions at this time I would like to handover to the Sandra Zhang for closing remarks.

Speaker Change #246: Thank you there are no further questions at this time I would like to hand over to Sandra Zhang for closing remarks.

Speaker Change #216: As such the contents, so that the user experience is going to be much better and they're using the subsidy of weibo and that because of this in Q2, we had already <unk>.

Speaker Change #198: Thanks, operator, and thank you all for joining our conference call today, we will see you next quarter.

Sandra Zhang: Thanks, operator, and thank you all for joining our conference call today, we will see you next quarter.

Speaker Change #197: Okay.

Speaker Change #246: Okay.

Speaker Change #216: This particular feature exceeding 10 million already but this is only one of the examples that we are trying to get a bit of AI and also in the near future. We are going to have a better trial of this and helping us to better interpret notwithstanding the content and also to trigger.

This concludes today's conference call. Thank you for participating you may now disconnect.

Sandra Zhang: This concludes today's conference call. Thank you for participating you may now disconnect.

Speaker Change #216: Just on the inflammation based on flow that we have and also based on the other capabilities that we have we are going to have a better use and application of the AI teacher and also this technology okay.

Speaker Change #216: Okay.

Speaker Change #216: Thank you there are no further questions at this time I would like to hand over to Sandra Zhang for closing remarks.

Sandra Zhang: Thanks, operator, and thank you all for joining our conference call today, we will see you next quarter.

Speaker Change #216: Okay.

Speaker Change #218: This concludes today's conference call. Thank you for participating you may now disconnect.