Q4 2020 Baidu Inc Earnings Call Transcript
Hello ladies and gentlemen and thank you for standing by for Baidu's fourth quarter and full year 2020 earnings conference call. At this time, all participants are in listen-only mode. After management's prepared remarks, there will be a question-and-answer session. Today's conference is being recorded. If you have any objections, you may disconnect at this time.
I would now like to turn the meeting over to your host for today's conference, Juan Lin, Baidu's director of investor relations.
Hello everyone and welcome to Baidu's fourth quarter and full year 2020 earnings conference call. Baidu's earnings release was distributed earlier today and you can find a copy on our website as well as on newswire services.
On the call today, we have Robin Li, our co-founder and chief executive officer, Herman Yu, our chief financial officer, and Dou Shen, our executive vice president in charge of search and feed. After our prepared remarks, we will hold a Q&A session.
Please note that the discussion
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