PDD's Q3 profit decreased quarter-on-quarter and will invest long-term in "new quality supply" and "e-commerce westward expansion" battles
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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
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