刚刚，拼多多直线大涨超10%！

Core Insights - Pinduoduo's Q2 2025 revenue growth slowed to 7%, with quarterly revenue reaching 104 billion yuan, influenced by increased investments in high-quality development [1] - The company's net profit for the quarter was 30.75 billion yuan, a year-on-year decline of 4%, marking two consecutive quarters of decline [1] - Pinduoduo's "trillion support" strategy aims to enhance the ecosystem and long-term development, despite short-term performance impacts [1][2] Revenue and Profit Performance - Pinduoduo reported a quarterly revenue of 104 billion yuan, reflecting a 7% year-on-year growth [1] - The net profit decreased to 30.75 billion yuan, down 4% year-on-year [1] Strategic Initiatives - The company has upgraded its "100 billion reduction" initiatives to a "trillion support" strategy, focusing on reducing costs for millions of merchants and supporting small and medium-sized businesses [1][2] - Pinduoduo's "e-commerce westward" initiative has eliminated logistics transfer fees in western regions, leading to over 40% growth in order volume from these areas [2] Agricultural Product Development - Pinduoduo's support for agricultural products has resulted in a 47% year-on-year increase in sales, with seasonal fruit sales up 51% and seafood sales up 48% [4] - The number of agricultural merchants on the platform has seen significant growth, particularly among post-00s merchants, which increased by over 30% [4] Long-term Vision - The company emphasizes a long-term approach, prioritizing sustainable ecosystem development over short-term profits, as stated by its executives [2][4] - Pinduoduo aims to create a multi-win ecosystem for users, merchants, and the platform, focusing on enhancing user experience and promoting industry upgrades [4]