Phoenix New Media Ltd (NYSE:FENG) Q4 2018 Earnings Conference Call March 18, 2019 9:00 PM ET Company Participants Qing Liu - IR Shuang Liu - CEO & Director Betty Ho - CFO & Director Conference Call Participants Frank Chan - Macquarie Research Binbin Ding - JPMorgan Chase & Co. Operator Ladies and gentlemen, thank you for standing by, and welcome to today's Phoenix New Media 2018 Fourth Quarter and Fiscal Year 2018 Earnings Call. [Operator Instructions]. I would now like to hand the conference over to your f ...