"Pinduoduo (PDD.US) continues to support businesses with the '100 billion support' plan, reducing commission fees and costs for merchants, but the growth rate of revenue in Q2 has slowed down again."

According to the Securities Times app, on August 25th, Pinduoduo (PDD.US) released its Q2 financial report. Due to the impact of increased industry investment in the "billion-dollar support" program, the revenue growth rate for this quarter slowed down to 7% year-on-year, continuously slowing down for multiple quarters. In the second quarter, Pinduoduo launched the "billion-dollar level" Huishang action in the e-commerce industry for the first time, truly supporting businesses and industries with real money. On one hand, they continued to reduce commissions and costs for millions of businesses; on the other hand, they increased support for small and medium-sized businesses, new quality businesses, and brand businesses, promoting multi-level, high-quality development in various agricultural production areas and industrial belts.