拼多多发布Q3财报，赵佳臻：十周年是新起点，未来投入更多惠商战略

Core Insights - Pinduoduo reported a 9% revenue growth in Q3 2025, reaching 108.3 billion yuan, influenced by its "100 billion support" initiative and other ecosystem investments [1] - The company aims to enhance its ecosystem and social contributions, emphasizing long-term value and consumer orientation as it celebrates its tenth anniversary [1][3] Group 1: Financial Performance - Pinduoduo's Q3 revenue reached 108.3 billion yuan, marking a 9% increase year-over-year [1] - The company plans to invest more in ecosystem development and introduce additional initiatives similar to "100 billion support" to benefit the ecosystem and society [1] Group 2: Agricultural Initiatives - Pinduoduo launched a "100 billion level" initiative to support agricultural e-commerce, resulting in a 47% year-over-year increase in agricultural product sales in the first half of the year [2] - The number of agricultural merchants on the platform has also seen significant growth, particularly among post-2000 generation merchants, which increased by over 30% [2] - In Q3, Pinduoduo invested 1 billion yuan in subsidies and 2 billion yuan in traffic resources to support local agricultural products, facilitating their market entry [2] Group 3: Long-term Vision - The company reaffirms its mission to provide value to ordinary consumers and aims to focus on high-quality development in the next decade, aspiring to combine elements of Costco and Disney [3]