Pinduoduo Co-Chair Zhao Jiazhen: Temu will go all in on China's supply chain in the next three years.

On December 19th, Pinduoduo Group held its annual shareholders' meeting, announcing the implementation of a co-chair system and appointing Zhao Jiazhen as co-chairman, who will serve alongside Chen Lei as co-chairman and co-CEO. During the meeting, Zhao Jiazhen stated that this year marks the tenth anniversary of Pinduoduo's founding, and the company has accumulated continuous experience in various aspects such as business, technology, and services. The business has now reached most countries around the world. In the next stage, the company will focus more on its strategic direction and has decided, after extensive discussion, to make the Chinese supply chain the core of its future business development. The company will continue to pursue high-quality development, focusing on the high-quality and branding of the Chinese supply chain, achieving platform reconstruction, and driving value enhancement of the ecosystem.