$PDD(PDD.US)Let me explain my long-term investment logic for Pinduoduo☞1. The core issue is that Pinduoduo is a highly competitive company. 2. The fundamentals of China's mainland retail market make Pinduoduo a must-have. 3. I'm still optimistic about Temu's development in the coming years. Some might mention tariffs and rising trade protectionism, but consider this: if tariffs apply to goods from the same origin, all competitors face the same tariffs, putting everyone on a level playing field. So there's no reason to be bearish on Pinduoduo. The same logic applies to trade protectionism. 4. I'm very bullish on the global e-commerce retail wave. 5. The current undervaluation of Chinese concept stocks due to China-US tensions is, in my opinion, a clear generational opportunity to buy quality companies at a discount. As the saying goes, we're buying the company—as long as the company performs well, profits will naturally follow.