黄峥在拼多多上市仪式上的致辞（上海，2018-07-26）

Remarks at Pinduoduo's Listing Ceremony (Shanghai, 2018-07-26)

> By Colin Huang · 2018-07-26 · [Original link](https://finance.sina.com.cn/stock/usstock/c/2018-07-26/doc-ihfvkitx2900374.shtml) (Chinese)
> Our translation from the Chinese original.

Distinguished guests, hello everyone!

I'm Huang Zheng, founder and CEO of Pinduoduo. I'm very honored to be able to stand here and share some thoughts with everyone on behalf of Pinduoduo.

Pinduoduo is a company rooted in China and rooted in Shanghai, but at the same time, we also hope to radiate across the globe in the future, so that the model of new e-commerce is used by the world and enjoyed by consumers worldwide. This is why we made the innovative choice to ring the bell simultaneously in both Shanghai and New York. No one has made such an arrangement before, and making it a reality wasn't easy. I want to especially thank here all the parties who made this simultaneous bell-ringing ceremony happen.

In 2015, not long after Pinduoduo was founded, we realized that the Pinduoduo model had enormous potential.

Since then, we have been through an incredible 3 years. At a moment when everyone thought the e-commerce landscape was settled and history was written, Pinduoduo in a short 3 years gathered 344 million active buyers and over a million merchants, and to this day, at this very moment, is still maintaining high-speed growth.

While gratified by our results, we are also constantly examining and reflecting on ourselves. In 3 years, from nothing to something: in commercial civilization, Pinduoduo is only a 3-year-old child, with many obvious problems on it, and visible dangers and challenges filling the view before it.

This forces us to keep improving, changing and even evolving, so as to deliver on our own potential and make the contribution we ought to make.

If we imagine the future, Pinduoduo will become a "new space" in which the virtual space of the network and the real world merge:

In this "space", material consumption and spiritual consumption are organically combined; users can buy the goods they want at the best-value price, and also gain joy in the process. In this "space", the chain between the two ends of supply is compressed, batch customization is achieved at large scale, and the pointless waste of social resources keeps falling.

If we compare it with traditional businesses, this "space" should be a combination of "Costco" and "Disney": it not only provides super-high value for money, but also blends entertainment into every step.

We are still quite a long way from this goal. But this also determines that Pinduoduo will be a company that takes the long view and keeps challenging itself.

In the course of facing challenges head-on, Pinduoduo may undergo many changes, but our mission will never change.

Pinduoduo's mission is to create value for users and meet the needs of the broadest masses of the people.

Users first, consumers above all, is Pinduoduo's unchanging creed. This time, we were also very honored to invite 39 Pinyou [Translator's note: 拼友, "pin friends", Pinduoduo's name for its users] to be the bell-ringers in both New York and Shanghai. They are all ordinary users of Pinduoduo, and also our most lovable people.

While users create value, the Pinduoduo model's improvement of the supply chain has also contributed considerable social value.

Pushing farm goods upward is one good example. The "group order" model can gather demand quickly and achieve large-scale many-to-many matching, which provides excellent conditions for agricultural products to leave the villages and the mountains at large scale. This has also created a new model of "Internet + agriculture".

In 2017, Pinduoduo used the "pin" model to generate a large number of poverty-alleviation orders, supporting in total 48,000 merchants in 730 of China's national-level poverty-stricken counties.

These numbers make us feel doubly proud, and we also believe Pinduoduo will contribute more strength in the future.

As I said before, for Pinduoduo, listing is only a "starting point". We have just stepped onto the track, eager to release our strength and create more value.

We know well that after today, tomorrow's challenges will grow more and more; but we also firmly believe that, breaking through obstacle after obstacle, tomorrow will be infinitely beautiful.

Standing at this "new starting point", we also extend our most sincere thanks to all the guests present, and to the two thousand partners and hundreds of millions of users who could not be here.

Thanks to the investment institutions and investors of all countries: at this moment when the international capital markets are turbulent, you have shown a high degree of recognition of and trust in Pinduoduo and the new e-commerce model. In the course of the overseas roadshow, my team and I gained enormous confidence from this! Thank you!

Thanks to all our partners for their perseverance and dedication over 3 years; it is precisely your efforts that gave Pinduoduo today's foundation. At this very moment, many partners are still fighting on the front line, working tirelessly for every bit of the platform's progress. Thank you.

Thanks to all our friends and teachers in the media, thank you for your attention to and spurring of Pinduoduo; in the future, we also hope you will generously contribute your wisdom and offer advice for Pinduoduo. Thank you.

Thanks to the predecessors of the internet and e-commerce world: Pinduoduo has been able to achieve its small results because it stands on the shoulders of giants. Thank you.

Finally, and even more, thanks to the country, and gratitude to this great new era. We believe that among those forging ahead in the new era, more Pinduoduos will appear, and more models and innovations born out of China and serving the world will be born!

Thank you all again!

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