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Operator Ladies and gentlemen, thank you for standing by, and welcome to the LexinFintech first-quarter 2021 earnings conference call. [Operator instructions] I must advise you that this conference is being recorded today. I d now like to hand the conference over to your first speaker today Mr. Tony Hung, senior director of capital markets. Thank you and please go ahead, sir. Tony Hung Investor Relations Contact Thank you, operator. Hello, everyone, and welcome to Lexin s first-quarter 2021 earnings conference call. The company s results were issued earlier today and are posted online. Joining me today on the call are Mr. Jay Xiao, our founder, chairman, and chief executive officer; Mr. Craig Zeng, our chief financial officer; Mr. Yang Zhao, our vice president; Ms. Beryl Haiyan, our senior financial director; and other members of our team. ....
Total1 Geely Group’s low-orbit satellite Internet project started with a total investment of 4.12 billion yuan The project is a Geely satellite Internet project with a total investment of 4.12 billion yuan and is located in the Shanghe Demonstration Zone in Jiaozhou City, Qingdao. In early August last year, the Shanghai Cooperation Demonstration Zone Management Committee and Geely Technology Group signed a low-orbit satellite Internet project cooperation agreement. Didi Cargo reportedly completing the first round of US$1.5 billion financing Didi Cargo has reportedly completed the first round of signing a US$1.5 billion financing agreement. Leading investors are Temasek, CPE Yuanfeng (CITIC Industry Fund), IDG Capital, and Zhongguancun Nongmen Fund, GLP’s private equity investment institution Yinshan Capital, Country Garden Ventures, Ding Pei Group, and Yunfeng Fund. This round of financing is scheduled to be completed in February. ....