Pinduoduo continues to increase efforts to help supply chain reduce costs and increase efficiency. Q1 R&D investment is 2.9 billion yuan. Pinduoduo Group has released its Q1 2024 performance report as of March 31. According to the financial report, the group achieved a revenue of 86.8 billion yuan in the first quarter, a year-on-year increase of 131%; Research and development expenses amounted to 2.9 billion yuan, a year-on-year increase of 16%. Deepening high-quality development relies on strong support from the supply chain. Pinduoduo Group insists on polishing its supply chain capabilities through technological innovation, precipitating them into user-friendly tools and services, empowering businesses, and promoting cost reduction and efficiency improvement in the supply chain. In the past two years, its research and development investment has exceeded the threshold of billions of yuan.