PDD Holdings Inc (FRA:9PDA)
€ 127.5 -1 (-0.78%) Market Cap: 177.07 Bil Enterprise Value: 150.19 Bil PE Ratio: 23.77 PB Ratio: 7.15 GF Score: 80/100
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Q3 2020 Pinduoduo Inc Earnings Call Transcript

Nov 12, 2020 / 12:30PM GMT
Release Date Price: €116 (+23.40%)
Jason Xu
Investor Relations

Thank you, operator. Hello, everyone, and thank you for calling us today. Pinduoduo's earnings release was distributed earlier and is available on the IR website at investor.pinduoduo.com as well as through GlobeNewswire services.

On today's call, our CEO, Chen Lei, will make some general remarks on our performance for the third quarter of 2020 and our strategic focus going forward; our VP of Strategy, David Liu, who will then elaborate further on our specific strategic initiatives; our VP of Finance, Tony Ma, will then take us through our financial results for the third quarter ended September 30, 2020.

Before we begin, I would like to refer you to our Safe Harbor statement in the earnings press release which applies to this call as we will make certain forward-looking statements.

Also, this call includes discussions of certain non-GAAP financial measures. Please refer to our earnings release, which contains a reconciliation of the non-GAAP measures to GAAP measures. Now it is my pleasure to introduce our Chief Executive Officer, Chen Lei. Lei,

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