Pinduoduo Co-Chairman: Temu to Fully Invest in China's Supply Chain in the Next Three Years

On December 19, Pinduoduo Group held its annual shareholders' meeting, announcing the implementation of a co-chairmanship system and appointing Zhao Jiazhen as Co-Chairman, serving alongside Chen Lei as Co-Chairman and Co-CEO. At the meeting, Zhao Jiazhen stated that this year marks the tenth anniversary of Pinduoduo's founding. The company has continuously accumulated strengths in business, technology, and services, with its operations now reaching most countries worldwide. In the next phase, the company's strategy will be more focused. After extensive discussions, it has identified China's supply chain as the core of future business development. The company will continue to pursue high-quality growth, fully committing to enhancing the quality and branding of China's supply chain, reshaping the platform, and driving a leap in the value of its ecosystem.