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Pinduoduo's Q3 revenue growth of 93.9% is just one step away from Alibaba's market value. At least during the Q2 and Q3 financial report conference calls this year, the management team of Pinduoduo will be asked two questions: first, is there any other strategic direction for the group beyond high-quality growth, and second, what is Pinduoduo's strategy in facing competition when competitors consider low prices as their competitive advantage? The response from the management team is simple, stating that high-quality growth is the only strategy at present. In addition, it is not surprising that competitors are offering low prices. However, Pinduoduo believes that it is better to only focus on its own development and not pay much attention to changes in the market competition environment, only focusing on consumer needs. After continuously submitting various high data comprehensive growth financial reports in Q2 and Q3, Pinduoduo has reason to say that it does not pay attention to the competition. Pinduoduo is not only still firmly holding the position of the king of low prices, but now it is becoming the new king of e-commerce.
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