On August 25th, PDD Holdings Inc (PDD.US) released its Q2 financial results. Affected by the increased industrial investment under the "hundred billion support" initiative, the company's revenue growth slowed to 7% year-over-year this quarter, marking continued deceleration for multiple consecutive quarters. In the second quarter, PDD Holdings became the first company in the e-commerce industry to launch a "hundred billion level" merchant support program, providing substantial financial support to merchants and industries. On one hand, the company continues to reduce commission fees and costs for millions of merchants; on the other hand, it has increased support for small and medium-sized merchants, new quality merchants, and brand merchants, promoting multi-layered high-quality development of agricultural production areas and industrial belts across various regions.