Phoenix New Media Ltd (NYSE:FENG) Q3 2020 Earnings Conference Call November 16, 2020 8:00 PM ET Company Participants Qing Liu - IR Manager Shuang Liu - CEO & Director Edward Lu - CFO Conference Call Participants Binbin Ding - JPMorgan Chase & Co. Carmen Zhang - First Shanghai Securities Zhenyu Chen - Macquarie Research Operator Ladies and gentlemen, thank you for standing by, and welcome to the Phoenix New Media Third Quarter 2020 Earnings Call. [Operator Instructions]. I would now like to hand the conferen ...