Core Viewpoint - Pinduoduo's Q2 revenue growth has slowed to 7% year-on-year, with total revenue reaching 104 billion yuan, marking a continuous decline in growth rate over several quarters [1] - The company reported a net profit of 30.75 billion yuan, a 4% decrease year-on-year, continuing a downward trend for two consecutive quarters [1] Group 1: Financial Performance - Pinduoduo's revenue for Q2 is 104 billion yuan, reflecting a 7% year-on-year growth slowdown [1] - The net profit for Q2 is 30.75 billion yuan, which is a 4% decline compared to the same period last year [1] Group 2: Strategic Initiatives - The slowdown in performance is attributed to the "100 billion subsidy" initiative aimed at reducing costs for millions of merchants, which has significantly impacted the company's profitability [2] - Pinduoduo has launched a "trillion-level" support initiative for merchants, focusing on reducing commissions and increasing support for small and medium-sized businesses, which has affected short-term performance but aims to create long-term growth opportunities [2] - The company emphasizes a commitment to long-term value over short-term profits, focusing on ecological construction and industry transformation [3]
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