Lates News

Pinduoduo (PDD.O) released its latest financial report, with a revenue of 106.2 billion yuan and a profit of 12.5 billion yuan in the first quarter. This also marks the first complete quarter since the launch of the "Revitalize Pinduoduo in Three Years" strategy. In December last year, Pinduoduo announced that the company's strategic focus would be on "heavily investing in the Chinese supply chain" in order to revitalize Pinduoduo in three years. In the first quarter of this year, the new Pinduomu business entered a phase of deepening development, with the team accelerating the integration of the supply chain resources of "Pinduoduo + Temu" to incubate self-operated brands for different markets and categories. The company will continue to heavily invest in the Chinese supply chain to promote the value leap of the supply chain system.