Appointed Co-CEO of PDD Zhao Jiazhen: There will be an opportunity to recreate another PDD in the next three years

PDD (PDD.US) held its annual shareholder meeting today (19th) and announced the implementation of a co-chairman system, appointing Zhao Jiazhen as co-chairman, who will serve alongside Chen Lei as co-chairman and co-CEO.

At the meeting, Zhao Jiazhen stated that this year marks the tenth anniversary of PDD's founding, and the company has continuously accumulated in various aspects of business, technology, and services, reaching most countries around the world. In the next phase, the company's strategy will be more focused, and after repeated discussions, it has anchored the Chinese supply chain as the core of its upcoming business development.

Zhao Jiazhen proposed that the company will continue to practice high-quality development, fully invest in the high-quality and branding of the Chinese supply chain, achieve platform reconstruction, and drive the value leap of the ecosystem.

He also mentioned that in the past few years, Temu has reached a considerable scale at a surprising speed, which is a key leap brought by the dividends of the Chinese supply chain industry. This has brought new opportunities for the development of the domestic supply chain and for the next phase of reconstruction for PDD and Temu. The company will focus its energy, financial resources, and material resources on upgrading and reconstructing the supply chain, leading to an overall upgrade of the supply chain operating model. High quality and branding are the development directions, and it is believed that there will be an opportunity to recreate another PDD in the next three years