Core Viewpoint - Pinduoduo's stock price surged by 4.20% on August 21, reaching a new high since April 2025, driven by market optimism and strategic adjustments [1] Group 1: Strategic Developments - Pinduoduo is secretly preparing a new flash purchase project aimed at building an efficient supply chain through selected black label merchants [1] - The flash purchase project is currently in the testing phase of its community group buying initiative "Duoduo Maicai," focusing on enhancing delivery capabilities and efficiency [1] Group 2: Financial Performance and Market Sentiment - The market is optimistic about Pinduoduo's upcoming financial report, with $25 million in call options traded, including a single transaction of $98 million, indicating strong long-term growth expectations [1] - Despite a slowdown in revenue growth to 10% in Q1 2025, the overall recovery of China's retail environment supports Pinduoduo's performance, particularly through strong online retail sales [2] Group 3: Valuation and Investment Strategy - Pinduoduo's forward non-GAAP P/E ratio stands at 13.56, significantly lower than its historical average, narrowing the valuation gap with Alibaba and JD.com [2] - The company's multi-channel expansion and innovation strategies are crucial for maintaining its competitive advantage in a recovering retail environment [2]