Pinduoduo released its financial report for the third quarter of 2023 as of September 30 yesterday, with a year-on-year increase of 94% in revenue for the first three quarters. Pinduoduo closed up 18% yesterday, with its stock price reaching a new 31 month high. At the third quarter financial performance meeting of Pinduoduo, co-founder Zhao Jiazhen stated that Pinduoduo's approach to competition is not to look at what competitors are doing, but to look at what consumers need.