Fangdd Network Group Ltd. (DUO) Q2 2021 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, thank you for standing by and welcome to FANGDT Network Group Limited's second quarter 2021 earnings conference call. At this time, all participants are in a listen-only mode. After the management's prepared remarks, we will have a question and answer session. Please note that this event is being recorded. I'd now like to hand the conference over to your speaker host today, Ms. Linda Lee, the company's Director of Capital Markets. Please go ahead, Linda. Thank you, operator. Hello, everyone, and thank you for all joining us on today's call. The company has announced its second quarter 2021 financial results today. An earnings release is now available on the company's IR website. Today, you will hear from our co-CEO, Mr. Xi Zheng, who will start the call with an overview of the current industry dynamics and the details of our development strategies in the quarter. Afterwards, our CFO, Mr. will go over our financials before we open up the call for questions. Our management team will deliver your remarks in Chinese and I will provide English translations. Before we continue, I would like to refer you to our safe harbor statement in our earnings price which applies to this call, and we will be making forward-looking statements. Please also note that we will discuss non-GAAP measures today, which are more closely explained and reconciled to the most comparable measures reported under the generally accepted accounting principles in our earnings release and the filings with the SEC. With that, I will now turn the call over to our co-CEO, Mr. Cesar. Please go ahead, sir. Hello, everyone. Welcome to the second quarter of 2021. First of all, let's talk about the changes and opportunities of the industry in the second quarter of 2021. First, real estate sa...