Pinduoduo Q1 revenue reaches 106.2 billions yuan, New Pinduoduo continues to focus heavily on the supply chain

Glonhui May 27｜Pinduoduo (PDD.US) released its latest financial report, with Q1 revenue of 106.2 billion yuan and profit of 12.5 billion yuan. This marks the first full quarter since the "Re-create Pinduoduo in Three Years" strategic initiative began. In December last year, Pinduoduo announced its strategic focus on "doubling down on the Chinese supply chain," aiming to re-create another Pinduoduo in three years. In Q1 this year, the New Pinmu business entered the deepening development stage, with the team accelerating the integration of "Pinduoduo + Temu" supply chain resources, incubating self-operated brands targeting different markets and categories, continuing to invest heavily in the Chinese supply chain, and driving a leap in the value of the supply chain system.