Pinduoduo's Zhao Jiazhen: The 100 billion plan is the key strategy for the next period of time, and the company is fully committed to it.
In the earnings call tonight, Pinduoduo Group Executive Director and Co-CEO Zhao Jiazhen said when talking about the "100 billion support" plan, the 100 billion plan will further increase the resource investment in new quality supply, and the scope of support for new quality merchants will also be expanded from the top and waist to small and medium-sized merchants. On the one hand, the platform will continue to explore more commission reduction measures, continue to reduce costs and burdens for merchants, and create more cost space, operating space and innovation space; on the other hand, the platform's traffic engine, black label stores and other resources will also be tilted towards small and medium-sized merchants in all directions, maximizing the potential of small and medium-sized merchants and promoting the overall upgrade of the industrial belt to a larger scale and higher quality. Zhao Jiazhen also said that the 100 billion plan is Pinduoduo's key strategy for some time to come, requiring the company to make every effort and fully invest in this new strategy, focusing on small and medium-sized merchants, and daring to tackle the hard bones of high-quality development.