PDD Holdings Inc.: How Are They Managing Competition and Consumer Demand?

PDD Holdings, Inc. has shared their financial results for the second quarter of 2024 along with an overview of strategic actions and challenges. The company saw substantial revenue growth, with total revenue reaching RMB 97 billion, marking an 86% year-on-year increase. This significant growth stems mainly from robust online marketing and transaction services. Despite the impressive financial performance, PDD Holdings is preparing for a shift towards a focus on high-quality development due to transforming consumer demands and increasing competition, which may impact their profitability negatively.