PDD main app focused on high-quality development and intensified merchant support. On the earnings call, management emphasized continued large-scale investments to strengthen the platform ecosystem, including RMB100bn in fee reductions and extensive merchant-support initiatives. Management also highlighted that revenue and profit may show fluctuations in upcoming quarters, reflecting the company's willingness to reinvest aggressively to fortify long-term competitiveness. In-line with market expectations. PD ...