Pdd Holdings Inc. was incorporated in the Cayman Islands on April 20, 2015. It is a third-party mobile e-commerce platform under the merchant settlement model of Shanghai Xunmeng Information Technology Co., Ltd., and it is also a new e-commerce pioneer that puts people first. Born in the mobile era, PDD started as an agricultural product retail platform, deeply cultivated in agriculture, created a new model of agricultural product retail featuring Pinduoduo, and gradually developed into a full-category comprehensive e-commerce platform featuring agricultural and sideline products. It is the only pure mobile e-commerce platform with scale in the world. As a new e-commerce pioneer, PDD is committed to creating lasting value for the vast majority of users with an innovative consumer experience that combines "multiple benefits" and "multiple fun".