Pinduoduo
-
Chen Lei of PDD: Prioritizing Long-Term Growth and Increased Investment Over Short-Term Gains
Pinduoduo’s Q2 earnings call highlighted strategic investments aimed at long-term growth within the e-commerce ecosystem. Chairman Chen Lei emphasized prioritizing industry development over short-term profits. PDD is increasing subsidies for cross-border merchants and collaborating on innovative business models to expand into new international markets. These efforts are bolstered by the resilience of Pinduoduo’s industrial supply chain, further reinforcing the company’s conviction to increase investments.
