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

Q1 2021 Pinduoduo Inc Earnings Call Transcript

May 26, 2021 / 11:30AM GMT
Release Date Price: €106 (-1.40%)
Operator

Good day, and thank you for standing by. Welcome to the Pinduoduo First Quarter 2021 Earnings Conference Call. (Operator Instructions) Please be advised that today's conference call is being recorded. (Operator Instructions)

I would now like to hand the conference over to first speaker today, [Mr. Jason Zhu]. Please take over.

Jason Xu

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

So on today's call, our Chairman and Chief Executive Officer, Chen Lei, will make some general remarks on our performance for the past quarter and our strategic focus going forward. Our VP of Strategy, David Liu, 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 first quarter ended March 31, 2021.

So before we begin, I would like to refer you to our safe harbor statement in the

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