Operator: Thank you for standing by, and welcome to the Tencent Holdings Limited 2012 Third Quarter Results Announcement Conference Call. At this time, all participants are in a listen-only mode. There will be a presentation followed by a question-and-answer session. I must advise you that this conference is being recorded today.
I would now like to turn the conference over to your host today, Ms. Catherine Chan from Tencent. Please go ahead, Ms. Chan.
Catherine Chan - IR: Thank you, operator. Good evening and welcome to our annual results conference call for the third quarter of 2012. I'm Catherine Chan from the IR team of Tencent.
Before we start the presentation, we would like to remind you that it includes forward-looking statements, which are outlined by a number of risks and uncertainties, and may not be realized in future for various reasons. Information about general market conditions is coming from a variety of sources outside of Tencent. This presentation also contains some unaudited non-GAAP financial measures that should be considered in addition to but not as a substitute for most of the Company's financial performance prepared in accordance with IFRS. For a detailed discussion of the risk factors and our non-GAAP financial measures, please refer to our disclosure documents downloadable on www.tencent.com/ir.
Having said that, let me introduce the management team on the call tonight. They are our Chairman and CEO, Pony Ma; President, Martin Lau; Chief Strategy Officer, James Mitchell; and CFO, John Lo.
Pony will kick-off with a short overview of financial (and key performance updates). Martin and James will review our business performance. John will discuss the financials, and then we'll open the floor for questions.
Now, let me turn the call over to Pony.
Huateng Ma - Core Founder and CEO: Thank you, Catherine. Good evening, thank you for joining us. In the third quarter of 2012, we achieved solid year-on-year growth in revenues and earnings. Our diversified game portfolio and open platform strategy and (collated) robust year-on-year growth in our IVAS business. Our investments in QQ.com retail business and advertising platforms in the last few years are also paying off, contributing to a strong year-on-year growth in display advertising revenues. Our e-Commerce despite the recent price war has held firm.
On the mobile front we are reinforcing our presence at mobile gateways and extending our community leadership from PC to mobile. We believe an unified product experience for our services on the Internet is crucial to build user loyalty, whether they are engaged via PC at home or mobile on the go. Increased mobile usage as a result will enhance the overall time spent on our services.
Now let me highlight a few numbers from our third quarter results. Total revenues was RMB11.6 billion, up 54% year-on-year or 10% quarter-on-quarter. IVAS revenue was RMB8.4 billion, up 39% year-on-year or 8% quarter-on-quarter. MVAS revenue was RMB946 million, up 12% year-on-year or 2% quarter-on-quarter.
Online advertising revenue was RMB1.0 billion, up 69% year-on-year or 15% quarter-on-quarter. E-Commerce transaction revenue was RMB1.1 billion, up 32% quarter-on-quarter. Non-GAAP operating profit was RMB4.4 billion, up 32% year-on-year or 5% quarter-on-quarter. Non-GAAP net profit attributable to shareholders was RMB3.6 billion, up 28% year-on-year or 5% quarter-on-quarter.