PDD's Chen Lei: Will continue to increase investment in industrial ecology

On August 25th, PDD released its second-quarter financial report. In the conference call, Chen Lei, Chairman and Co-CEO of PDD, stated that in the past quarter, the external environment continued to change, and competition in the e-commerce industry intensified. PDD will continue to increase its investment in the industrial ecosystem to create space for the sustainable development of the industry. Chen Lei also mentioned that in terms of globalization, the platform has increased subsidies for overseas merchants and actively explored new business models in collaboration with merchants to expand new overseas markets. "In this process, we have also seen the strong resilience and advantages of the industrial supply chain, which further strengthens our determination to continue increasing our investment."