The following is a summary of the PDD Holdings Inc. (PDD) Q3 2024 Earnings Call Transcript:

Financial Performance:

• PDD Holdings reported a Q3 revenue of RMB 99.4 billion, reflecting a 44% year-over-year increase, with net income hitting RMB 25 billion.

• The revenue increase was primarily driven by online marketing services and transaction services.

• Despite robust revenue growth, a moderation in growth rates was observed due to intensified competition and a strategic focus on ecosystem investments.

Business Progress:

• PDD Holdings enhanced its platform and supply chain ecosystem through strategic initiatives including a RMB10 billion fee reduction program and high-quality merchant support program, aimed at reducing costs and fostering high-quality growth among merchants, particularly in agriculture and industrial sectors.

• Significant expansions in logistics, including covering transhipment fees for Western China, promoted infrastructure development and accessibility to remote markets.

• Hosted events like the Smart Agriculture Competition and Global AgriInno Challenge to foster digital solutions in agriculture.

Opportunities:

• PDD's ecosystem enhancements are creating opportunities for merchant growth and supply chain improvements, particularly within remote and under served regions.

• The focus on high-quality and technologically advanced merchant support is aligning with consumer demands for quality and personalization, boosting platform's long-term growth prospects.

Risks:

• The increased competition in the e-commerce sector poses ongoing challenges, and adapting to rapid shifts in consumer preferences and external market pressures remains critical.

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.