On December 19th, Pinduoduo At its annual shareholders' meeting, the group announced the implementation of a co-chairmanship system, appointing Zhao Jiazhen as co-chairman, who will serve as co-chairman and co-CEO along with Chen Lei.
At the meeting, Chen Lei revealed that Temu has achieved a considerable market scale in most countries around the world, accomplishing in three years what Pinduoduo took ten years to achieve in the domestic e-commerce market. Chen Lei stated that with the expansion of business scale and the rapid changes in regulatory environments in various regions, the company deeply understands that compliance is the bottom line. As a company in society, meeting the needs of society, returning to its original aspirations, not forgetting its roots, adhering to its duties, and contributing to society are the fundamental responsibilities of an e-commerce platform.
(Source: Securities Times) (Times.com)
