E company news, november 26, Pinduoduo released the third quarter of 2021 financial report. Pinduoduo's marketing expenses for the quarter were 10.0506 billion yuan, down 3% month-on-month and showing a downward trend for three consecutive quarters. Since taking over the baton, Chen Lei, chairman and CEO of Pinduoduo, has pursued a more stable technical route and continued to reduce the marketing heavy position technology. In terms of team management, Chen Lei also pays more attention to the construction of young management echelons, laying the foundation for the company's long-term development. Chen Lei said that Pinduoduo will provide more opportunities for young talents, and in the next six months to a year, more young managers will go to the front of the stage and take on important roles.
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