---
title: "PDD upgrades its governance structure, Zhao Jiazhen appointed as co-chairman, fully promoting the high-quality development of China's supply chain"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/270268118.md"
description: "On December 19th, PDD Group's annual shareholder meeting announced an upgrade to its governance structure, implementing a co-chairman system. With the approval of the board of directors, Zhao Jiazhen was appointed as co-chairman, serving alongside Chen Lei as co-chairman and co-CEO. Since Chen Lei took over as the company's chairman in 2021 and the establishment of the co-CEO system in 2023, PDD has continuously improved its co-governance mechanism to better adapt to the increasingly developing business needs. Zhao Jiazhen stated that in the past few years, Temu has achieved considerable scale at a pace that surprised even us, which is a key leap brought about by the dividends of China's supply chain industry, providing 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 on high-quality development as a key priority, reinvesting in the Chinese supply chain over the next three years, fully promoting high-quality development and branding of the supply chain, and striving to leap forward once again to recreate a new PDD"
datetime: "2025-12-19T07:43:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/270268118.md)
  - [en](https://longbridge.com/en/news/270268118.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/270268118.md)
---

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# PDD upgrades its governance structure, Zhao Jiazhen appointed as co-chairman, fully promoting the high-quality development of China's supply chain

According to Zhitong Finance APP, on December 19th, Pinduoduo Group (PDD.US) announced an upgrade to its governance structure at its annual shareholder meeting, implementing a co-chairman system. With the approval of the board of directors, Zhao Jiazhen has been appointed as co-chairman, serving alongside Chen Lei as co-chairman and co-CEO.

Since Chen Lei took over as chairman of the company in 2021 and the establishment of the co-CEO system in 2023, Pinduoduo has continuously improved its co-governance mechanism to better adapt to the increasingly developing business needs. Zhao Jiazhen stated that in the past few years, Temu has reached a considerable scale at a pace that surprised even us, which is a key leap brought about by the dividends of the Chinese supply chain industry. This also brings new opportunities for the development of the domestic supply chain and the next phase of reconstruction for Pinduoduo and Temu. The company will focus on high-quality development as a key priority, reinvesting in the Chinese supply chain over the next three years, fully promoting high-quality development and branding of the supply chain, and striving to leap forward once again to recreate Pinduoduo

### 相關股票

- [PDD (PDD.US)](https://longbridge.com/zh-HK/quote/PDD.US.md)

## 相關資訊與研究

- [PDD Holdings Non-GAAP EPADS of $2.53 misses by $0.52, revenue of $17.72B misses by $390M](https://longbridge.com/zh-HK/news/280458024.md)
- [Earnings Snapshot: PDD Holdings revenue rises 12% on marketing, transaction growth, but misses estimates](https://longbridge.com/zh-HK/news/280460136.md)
- [PDD Shares Drop After Downgrade From Bernstein](https://longbridge.com/zh-HK/news/266611692.md)
- [PDD Earnings: Temu Owner's Stock Pops despite Q4 Miss, Faces Hit from Investments](https://longbridge.com/zh-HK/news/280474073.md)
- [China's PDD Holdings Q4 net income falls due to higher operating expenses](https://longbridge.com/zh-HK/news/280457117.md)