On March 20, PDD Holdings released its Earnings Reports for the fourth quarter and the entire year of 2024. Over the past year, PDD Holdings' high-quality development Global Strategy has entered a stage of deepening, with over ten million merchants improving quality and efficiency under the "100 Billion Tax Relief" policy. The "e-commerce westward expansion" has driven double-digit growth in orders in the western regions, and the first projects of the "New Quality Merchant Support Program" have assisted thousands of agricultural and pastoral regions and industrial clusters to gradually transition to a development stage of "new quality supply." In the earnings call, PDD Holdings Chairman and Co-CEO Chen Lei stated that in 2025, we will continue to practice the high-quality development Global Strategy with the "Nail Spirit," leverage the platform's digital advantages, expand the upward scale of the "new quality supply," and continuously benefit the majority of consumers' beautiful lives, fully building a win-win ecosystem for users, merchants, and the platform. (Securities Times)