Where will the next decade lead us? A look at PDD Holdings Inc. Sponsored ADR Class A (PDD.US) from the perspective of a shift towards social responsibility.

After reading the third quarter report of PDD Holdings Inc. Sponsored ADR Class A (PDD.US), a prominent feeling is that PDD Holdings Inc. Sponsored ADR Class A's commitment to "bringing more benefits and good services to the widest range of ordinary people" is not an empty promise. On the evening of November 18th, PDD Holdings Inc. Sponsored ADR Class A released its latest quarterly financial report. Despite the slowdown in revenue and profit growth of PDD Holdings Inc. Sponsored ADR Class A in the third quarter due to continued investment in the platform's "billion-dollar support," beyond the data, PDD Holdings Inc. Sponsored ADR Class A is clearly sending more value signals to the market by actively "slowing down." Having been established for a full decade, PDD Holdings Inc. Sponsored ADR Class A has experienced a leap in scale during the rapid development in the past years. Its rapid rise has attracted attention from all sides, and it has now grown into a pillar of the industry. The development vision and strategic focus of PDD Holdings Inc. Sponsored ADR Class A have subtly shifted towards giving higher priority to issues such as public interest and long-term healthy ecology. The company is devoting more and more energy to creating value for users, merchants, industries, and society as a whole. The "billion-dollar subsidy" initiative is a vivid example of this. In the third quarter of this year, which is the second consecutive quarter of the "billion-dollar support" from PDD Holdings Inc. Sponsored ADR Class A, the subsidy was further increased for the Shenzhen Agricultural Power Group e-commerce platform. The "Many Good Specialty Products" initiative entered dozens of agricultural areas to help farmers increase their productivity and income. At this special milestone of the tenth anniversary, looking towards the future, we can probably better glimpse the outline of the answer to this issue with the help of the company's third-quarter report. As the Chairman and Co-CEO of PDD Holdings Inc. Sponsored ADR Class A, Chen Lei, said, PDD Holdings Inc. Sponsored ADR Class A will continue its mission of creating value for users, focus on its core e-commerce business, create value for a wide range of users, firmly invest in the high-quality development of the platform and industry, and move towards the next decade of "Costco+Disney." Seeing a more mature PDD Holdings Inc. Sponsored ADR Class A through the lens of financial reports In today's business ecosystem in China, it seems that unlimited cross-border operations have become a new trend. New concepts and narratives are attracting the attention and flow of capital, while focusing on the core business has become "alternative." However, regardless of how the aesthetic preferences of the business world change, mastery of skills remains a simple but timeless rule. If we can only use one word to describe PDD Holdings Inc. Sponsored ADR Class A, which has been closely focused on the development of its core e-commerce business over the past decade, "maturity" is probably the most fitting term for the current PDD Holdings Inc. Sponsored ADR Class A. GMTEight believes that PDD Holdings Inc. Sponsored ADR Class A's maturity is not only reflected in its achievements in the business field, but also stems from its deep understanding and practical implementation of social responsibility, public interest, and other issues. For example, in the third quarter, PDD Holdings Inc. Sponsored ADR Class A's series of new actions undoubtedly point in the same direction: prioritizing social responsibility. As mentioned at the beginning, during the reporting period, the "Many Good Specialty Products" initiative of PDD Holdings Inc. Sponsored ADR Class A entered dozens of agricultural areas in Hubei Jingzhou, Henan Shangqiu, Shandong Laiyang, Sichuan Anyue, Shaanxi Mizhi, and other places, launching customized solutions for local merchants and promoting the development of large-scale production areas towards quality-oriented development. It is well known that agriculture has always been a field with "high investment, long cycle, and high risk." In the current business evaluation logic system that values asset-light models, agriculture is a direction that many entrepreneurs and investors tend to avoid. However, faced with such an unpopular field, PDD Holdings Inc. Sponsored ADR Class A has dived in and made tangible contributions to farmers with real money. In the golden September, various agricultural areas entered the harvest season, and PDD Holdings Inc. Sponsored ADR Class A invested 1 billion in subsidy funds and 2 billion in traffic resources. They launched the "Many Harvest Hall" for 300,000 agricultural merchants on the platform to help rural goods enter the urban market in a timely manner. It should be noted that PDD Holdings Inc. Sponsored ADR Class A's efforts in the agricultural field go beyond this. In terms of upstream research and development, PDD Holdings Inc. Sponsored ADR Class A is also deeply involved. In order to solve the bottleneck problem and make agriculture no longer entirely dependent on natural conditions, PDD Holdings Inc. Sponsored ADR Class A has extended to the research and development side by actively participating in agricultural research and technology competitions to enhance the yield and quality of Shenzhen Agricultural Power Group. At the end of August, the "2025 Global Agri-preneurs Competition" co-hosted by the Food and Agriculture Organization of the United Nations (FAO), Zhejiang University, and PDD Holdings Inc. Sponsored ADR Class A was held as scheduled. It is reported that this competition selected 9 finalist teams from 519 applications from 97 countries worldwide, showcasing digital agricultural solutions in various cutting-edge areas such as smart grain storage, disease warning, desert agriculture, and carbon reduction. PDD Holdings Inc. Sponsored ADR Class A's Business Philosophy of Promoting Industry Collaborative Development With the scale reaching new heights, PDD Holdings Inc. Sponsored ADR Class A has reached a point where it needs to think about the industry ecosystem from a higher perspective. At this stage, the importance of cooperation and win-win situations has clearly been further strengthened compared to the past. To this end, PDD Holdings Inc. Sponsored ADR Class A is investing more resources and efforts in nurturing the industry ecosystem, guiding the industry towards a more inclusive and open direction through continuous iteration. It is worth mentioning that the senior management of PDD Holdings Inc. Sponsored ADR Class A recently mentioned "Costco+Disney" again, with Chen Lei stating that PDD Holdings Inc. Sponsored ADR Class A will firmly invest in the high-quality development of the platform and industry, moving towards the next decade of "Costco+Disney." In the author's view, here Costco represents the value proposition, which may reveal PDD Holdings Inc. Sponsored ADR Class A's vision of empowering the midstream and upstream of the industry chain; while Disney represents the experience that is full of surprises and delights, the combination of these two indicates that PDD Holdings Inc. Sponsored ADR Class A, as a key link connecting the industry chain and consumers, will continue to focus on improving supply-side efficiency, optimizing demand-side experiences, creating consumption value beyond mere shopping, and thus building long-term and sustainable core competitive advantages for the platform. Based on the above goals, on one hand, PDD Holdings Inc. Sponsored ADR Class A's "New Quality Supply" special team delved into sectors such as snacks in Huizhou, children's clothing in Foshan, bags in Shaodong, down jackets in Pinghu, and traditional Han clothing in Cao County during the third quarter. Leveraging the platform's digital capabilities, they continued to help merchants improve quality and efficiency through measures such as "reduction and support," promoting "progressive innovation" in various aspects of the supply chain, and addressing the industry's problem of homogenization. PDD Holdings Inc. Sponsored ADR Class A's long-term efforts around industry clusters have also borne fruitful results this autumn. According to the "New Quality Supply Annual Development Report" released by PDD Holdings Inc. Sponsored ADR Class A at the end of September, the number of platform industry cluster merchants has grown rapidly, with a 31% increase in merchants born in the 1990s and a 44% increase in merchants born after 2000. The number of high-quality product SKUs has also increased by more than half, and the brand shops in the industry clusters have seen significant growth, gradually moving towards high-quality development. On the other hand, PDD Holdings Inc. Sponsored ADR Class A's efforts to unleash consumer potential have never stopped. For example, in the western region, consumer-oriented adjustments, such as waiving logistics transfer fees, resulted in an order growth of more than 50% for pet supplies, outdoor sunscreen products, and trendy peripherals, with immediate effects. Simplifying complexity and being sharp without a sword, through the lens of PDD Holdings Inc. Sponsored ADR Class A's third-quarter report, it is not difficult to truly understand PDD Holdings Inc. Sponsored ADR Class A's business philosophy. The key words in this philosophy are "ecology" and "responsibility." Seeing PDD Holdings Inc. Sponsored ADR Class A actively "slowing down" and giving back to society with greater responsibility from the perspective of the whole society, it is likely that this is what everyone is happy to see. With this renewed approach, PDD Holdings Inc. Sponsored ADR Class A's future strides are expected to be more stable and farther-reaching.