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Pinduoduo (PDD) reported its second-quarter earnings on August 25th, revealing strategic investments in its platform amid a dynamic and increasingly competitive e-commerce landscape.
During the earnings call, Pinduoduo Chairman and Co-CEO Chen Lei emphasized the company’s commitment to long-term growth, stating that PDD remains focused on investing in the broader industrial ecosystem rather than prioritizing short-term gains. This strategy aims to foster sustainable, long-term development within the industry.
Turning to its global expansion efforts, Chen noted that Pinduoduo has increased subsidies for merchants engaged in cross-border trade to help them navigate challenging market conditions. The platform is also actively collaborating with sellers to explore innovative business models and tap into new international markets.
“Throughout this process,” Chen stated, “we have witnessed the remarkable resilience and inherent strengths of our industrial supply chain. This observation has only reinforced our conviction to further increase our investments.”
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