Yesterday, Pinduoduo released its latest financial report. During the conference call, Pinduoduo Group Co-Chairman and Co-CEO Zhao Jiazhen revealed, “The second quarter of this year is a new stage in our new decade of high-quality development from the beginning to deepening progress. The 100 billion dollar strategy we have been adhering to for a long time has gradually moved from the investment period to the effective period. The ecological utility of the platform and industry has been released at an accelerated pace, and quality and efficiency upgrades have been achieved on both the supply and demand sides. At the same time, we continue to steadily advance Pinduoduo's major strategy after three years.” Referring to recent developments in the brand's self-management strategy, Zhao Jiazhen said, “Brand ownership is an important extension of our long-term supply chain investment direction. We also hope to establish deep product co-creation relationships with capable and willing manufacturing companies, use the platform's capabilities in terms of market insight and global channels, enhance the certainty of brand development and value creation in the industrial chain, and actually bring these incremental values to the entire industry chain.”

Yesterday, Pinduoduo released its latest financial report. During the conference call, Pinduoduo Group Co-Chairman and Co-CEO Zhao Jiazhen revealed, “The second quarter of this year is a new stage in our new decade of high-quality development from the beginning to deepening progress. The 100 billion dollar strategy we have been adhering to for a long time has gradually moved from the investment period to the effective period. The ecological utility of the platform and industry has been released at an accelerated pace, and quality and efficiency upgrades have been achieved on both the supply and demand sides. At the same time, we continue to steadily advance Pinduoduo's major strategy after three years.” Referring to recent developments in the brand's self-management strategy, Zhao Jiazhen said, “Brand ownership is an important extension of our long-term supply chain investment direction. We also hope to establish deep product co-creation relationships with capable and willing manufacturing companies, use the platform's capabilities in terms of market insight and global channels, enhance the certainty of brand development and value creation in the industrial chain, and actually bring these incremental values to the entire industry chain.”