1、COVID-19 RESPONSE1Environmental, Social and Governance Report/ ESG REPORT 2020Pinduoduo Inc.COVID-19 RESPONSE2Letter from our CEO01 p 0305 p 12Highlights03 p 06Executive Summary02 p 04Social06 p 21Governance07 p 35COVID-19 Response04 p 07Contents02Digitizing the Supply ChainConsumer-to-ManufacturerL

2、ogistics Technology PlatformPromoting Digital and Social InclusionPowering Rural RevitalizationModernizing Agricultural PracticesTraining E-Commerce TalentEnsuring Food SafetyCorporate GovernanceOpen Platform ApproachAnti-Corruption PolicyIntellectual Property ProtectionData Protection and Distribut

3、ed AITalent Policy7.17.27.37.47.57.66.16.26.36.46.55.15.25.3CONTENTSEnvironmentalLETTER FROM OUR CEO301Letter from our CEOPinduoduo has grown exponentially since our founding in 2015. We crossed 1 trillion yuan in GMV in 2019 and have almost 700 million users as of the second quarter of 2020. We hav

4、e more than 5 million merchants, or sellers, on our platform, and our agricultural initiatives have connected more than 12 million farmers, many of whom live in some of the poorest areas in China.We recognize that we have grown to become an institution of public trust, and with that comes accountabi

5、lity and responsibility.It is with that in mind that we publish our first ESG report to inform our stakeholders of our progress in managing environmental, social and governance matters, as well as how we live up to our role as a responsible corporate citizen among our many communities.This transpare

6、ncy is in keeping with the spirit of our corporate culture, which is anchored in the core value of “本分” (“Benfen”). While difficult to express perfectly in English, it calls for sticking firmly to ones own duties and principles of honesty and trustworthiness, regardless of others conduct or outside