PDD's Q3 profit decreased quarter-on-quarter and will invest long-term in "new quality supply" and "e-commerce westward expansion" battles
PDD's (Q3) financial report shows a profit of 25 billion yuan, a decrease of 22% quarter-on-quarter. The company has launched several initiatives such as "100 billion reduction" and "e-commerce westward expansion," increasing investment in ecological construction, which affects short-term financial performance. PDD emphasizes that it will continue to invest in the "new quality supply" and "e-commerce westward expansion" strategies in the future, focusing on long-term value and returns
On November 21, Pinduoduo (PDD.US) released its Q3 financial report, with profits reaching 25 billion yuan, a decrease of 22% quarter-on-quarter. In the past quarter, Pinduoduo launched major initiatives such as "100 Billion Subsidies," "E-commerce Westward Expansion," and the "New Quality Merchant Support Plan," continuously expanding its investment in ecological construction, which has somewhat affected its short-term financial performance.
Pinduoduo's Chen Lei stated that beyond financial data, we place greater importance on the long-term value brought by ecological investments. In the coming quarters, Pinduoduo will continue to invest in strategies such as "New Quality Supply" and "E-commerce Westward Expansion," providing more long-term returns to users, merchants, and the industry