拼多多創始人預測該公司將引領新的市場秩序大綱
In a letter to investors, Pinduoduo founder Colin Huang suggests that companies with new business models, a group that Huang portrayed Pinduoduo as leading, are expected to outrun their older rivals in a world that's witnessing a "reestablishment."
拼多多創始人黃崢在給投資者的信中說，以拼多多爲主的採用新的經營模式的公司預計在“重建”的行業環境中會比資歷更老的對手更有優勢。The already intense rivalry between Pinduoduo and arch-rivals like Alibaba and JD is reaching a fever pitch as the Covid-19 is moving more Chinese shoppers online.
新冠病毒把更多的中國店家逼到了線上，因此拼多多和阿里巴巴、京東等勁敵之間原本就很激烈的競爭已經達到了白熱化。Instead of playing catch-up, the four-year-old company now claims to be China's second-largest e-commerce platform with 585.2 million active buyers, next only to Alibaba.
這家成立四年的公司並沒有窮追猛打，而是聲稱是中國第二大電商平臺，僅次於阿里巴巴，擁有5.852億活躍買家。
Both Alibaba and JD have rolled out their counterpart apps that adopt similar models of Pinduoduo. More rivals like Alibaba-backed Suning are reportedly joining the battle.
阿里巴巴和京東都效仿拼多多的模式推出了各自的應用程序。更多的競爭對手也加入了進來，包括阿里巴巴支持的蘇寧。
Included in Pinduoduo's 2019 annual report was a letter from its founder and CEO Colin Huang which sought to reassure shareholders about the company's long-term growth prospects.
拼多多2019年的年報中有一封創始人兼首席執行官黃崢寫的信，其目的是要讓股東對公司長期的發展前景放心。Different from the previous public letters that mainly address the company's operations and strategies, Huang explained this time his thoughts on the Covid-19 pandemic as well as the history of time, mentioning the theories of big thinkers from Newton to Einstein.
此前的公開信主要針對的是公司業務和戰略，而此次不同，黃崢解釋了他對新冠疫情和時間簡史的看法，還提到了牛頓和愛因斯坦等大人物的理論。By predicting a new world setup, he believes new models will prosper the most. He predicts old models will be phased off, without mentioning the company's rivals by name.
通過預測新的世界格局，他認爲新模式將最爲成功。他預測舊模式將被取代，但沒有指出對手公司的名字。The company has recorded RMB1.01 trillion ($144.6 billion) of gross merchandise volume from 585.2 million active buyers in 2019. That's RMB1,720 ($247.1) of annual spending per active buyer, up 53% year on year from RMB 1,127 in 2018, the company's 2019 report shows.
該公司2019年記錄的商品總價值高達1.01萬億元（1446億美元），擁有5.852億活躍買家。該公司2019年的報告顯示，每位活躍買家的年平均消費額爲1,720元（247.1美元），比2018年的1,127元高出了53%。Results may vary: Public reception of Huang's letter has been mixed. While some appreciate Huang's philosophic thinking, others complain the letter is missing the point and offers no valuable detail for investors.
結果可能有所不同：公衆對黃崢的信的看法不一。雖然有些人欣賞他的哲學思維，但其他人卻說這封信重點不突出，沒有給投資者提供有價值的細節。
