[Huanqiu.com Finance Roundup] Pinduoduo (PDD Holdings) released its first-quarter results on May 27, posting revenue of RMB 106.2 billion and a profit of RMB 12.5 billion.This year marks the start of Pinduoduo's second decade and the first year of deepening its "Rebuilding Pinduoduo in Three Years" strategy. With safety and compliance as the prerequisite, social responsibility as the cornerstone, and high-quality development at the core, the company will drive profound changes across its business, teams, internal processes and organizational management, strengthen platform governance and compliance building, and shoulder greater social responsibility.
Zhao Jiazhen, co-Chairman and co-CEO of PDD Holdings, said, "We must ingrain safety and compliance in everything we do and shoulder our social responsibilities. As a platform enterprise, we will take an active part in shouldering our responsibilities and commitments, creating more positive value for users, industries and society."
Chen Lei, co-Chairman and co-CEO of PDD Holdings, also stated, "With gratitude and reverence, we will stay true to our roots as the prerequisite and foundation of all development, and as the guide and anchor for reaching new heights. We will continue to increase investment in new businesses, push forward our our first-party brands, keep investing heavily in the supply chain, and strive to build another Pinduoduo within three years." (Gu Yu)