$PDD(PDD.US) Prices below 100 are practically giving money to small and medium investors. Thanks to the big institutions for giving us this opportunity. This quarter is naturally Pinduoduo's off-season—it doesn't have a Singles' Day, so the revenue drop is expected. As for the impact of tariffs on Temu, it's actually a huge advantage: Temu has already completed full online product localization for local delivery. To do business on Temu, you have to produce and ship from abroad, so the 60% tariff helps Temu wipe out domestic competitors (mainly Alibaba-affiliated ones). This gives Temu higher profit margins, and in the future, Temu will contribute increasingly more revenue and profits to Pinduoduo.