PDD's Chen Lei: In the first quarter, we made significant investments in the platform ecosystem, which put pressure on short-term profitability
PDD Group Chairman and Co-CEO Chen Lei stated that in the first quarter, we made significant investments in the platform ecosystem to support merchants and consumers in responding to the rapid changes in the external environment. These investments have put pressure on short-term profitability but have provided merchants with the space to adapt and focus on high-quality, sustainable growth, strengthening the long-term health of the platform
Source: Zhitong The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments