MAUs in overseas markets declined by 33% year-over-year and 40% quarter-over-quarter. In the first quarter of 2020, revenues from overseas markets decreased by 56% year-over-year and 11% quarter-over-quarter. As a result, we are having difficulties in acquiring new users and monetizing our traffic in overseas markets. While we continue to communicate with Google and Facebook, we have not yet resumed our work with them. Honestly, Cheetah Mobile is a mobile Internet business that still faced some headwinds in the first quarter of 2020 due to epidemic as well as suspension of our partnerships with Facebook and Google.

Sheng Fu - Chairman of the Board and Chief Executive Officer Before we begin, I refer you to the Safe Harbor statement in our earnings release, which also applies to our conference call today, as we will make forward-looking statements.Р”Р„t this time, I would now turn the conference call over to our Chairman and CEO, Mr. Following management's prepared remarks, we will conduct a Q&A session. With us today are our Company's Chairman and CEO, Mr. Welcome to Cheetah Mobile's first quarter conference call. Helen Jing Zhu - Investor Relations Director I would now like to turn the conference over to Helen Zhu, Investor Relations Director of Cheetah Mobile. After today's presentation, there will be an opportunity to ask questions.

Good day, and welcome to the Cheetah Mobile, First Quarter 2020 Conference Call.

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