On December 19, during Pinduoduo's annual shareholders' meeting, Co-Chairman Chen Lei addressed investor rumors concerning the EU's 'dawn raid' investigation into Temu. He explained that Temu's swift business expansion, achieving in a mere three years what it took Pinduoduo a decade to accomplish in China's domestic e-commerce market, had naturally drawn a mix of surprise, apprehension, and intense scrutiny from external observers. Chen Lei noted that such inspections are instrumental in laying a solid groundwork for business expansion and in guiding the evolution of business models. He emphasized that the company's cross-border endeavors are anchored in a long-term vision, leveraging China's robust supply chain capabilities, and are dedicated to fostering sustainable growth across diverse markets. As the business and regulatory landscapes continue to evolve, Chen Lei reiterated that adherence to compliance standards is non-negotiable and that fulfilling social responsibilities stands as a cornerstone duty for any e-commerce platform.