On August 25, Pinduoduo released its second-quarter financial report. During a conference call, Chen Lei, Chairman and Co-CEO of Pinduoduo Group, stated that the external environment continued to change over the past quarter, and competition in the e-commerce industry continued to intensify. Pinduoduo will continue to increase its investment in the industry ecosystem to create space for the industry's long-term development. Chen Lei also stated that in terms of global business, the platform has increased subsidies for merchants going overseas, and has worked with merchants to actively explore new business models and open up new overseas markets. "In this process, we have also witnessed the strong resilience and advantages of the industry supply chain, which has further strengthened our determination to continue to increase investment."