PDD executives discussed warehousing, fulfillment, quality control and first-party brands during the company's earnings call, signaling a more vertically integrated strategy.

PDD says it wants to "build another Pinduoduo" through first-party brands, supply-chain investments and a major operational reset aimed at China's manufacturing ecosystem.

PDD executives discussed warehousing, fulfillment, quality control and first-party brands during the company's earnings call, signaling a more vertically integrated strategy.