拼多多创始人黄峥在给投资者的信中说，以拼多多为主的采用新的经营模式的公司预计在“重建”的行业环境中会比资历更老的对手更有优势。
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."
新冠病毒把更多的中国店家逼到了线上，因此拼多多和阿里巴巴、京东等劲敌之间原本就很激烈的竞争已经达到了白热化。
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.
这家成立四年的公司并没有穷追猛打，而是声称是中国第二大电商平台，仅次于阿里巴巴，拥有5.852亿活跃买家。
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.
阿里巴巴和京东都效仿拼多多的模式推出了各自的应用程序。更多的竞争对手也加入了进来，包括阿里巴巴支持的苏宁。
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.
拼多多2019年的年报中有一封创始人兼首席执行官黄峥写的信，其目的是要让股东对公司长期的发展前景放心。
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.
此前的公开信主要针对的是公司业务和战略，而此次不同，黄峥解释了他对新冠疫情和时间简史的看法，还提到了牛顿和爱因斯坦等大人物的理论。
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.
通过预测新的世界格局，他认为新模式将最为成功。他预测旧模式将被取代，但没有指出对手公司的名字。
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.
该公司2019年记录的商品总价值高达1.01万亿元（1446亿美元），拥有5.852亿活跃买家。该公司2019年的报告显示，每位活跃买家的年平均消费额为1,720元（247.1美元），比2018年的1,127元高出了53%。
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.
结果可能有所不同：公众对黄峥的信的看法不一。虽然有些人欣赏他的哲学思维，但其他人却说这封信重点不突出，没有给投资者提供有价值的细节。
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.