Pinduoduo is a third-party social e-commerce platform focusing on C2M group purchase, which belongs to Shanghai Mengsou Information Technology Co., Ltd. and was officially launched on September 20 15.
Pinduoduo, with the original social grouping as the core model, focusing on tens of billions of subsidies, agricultural products going up and good goods of origin, was officially listed on the Nasdaq Stock Exchange on July 20 18.
On August 24th, 20021,Pinduoduo released the financial report for the second quarter of 20021. The financial report shows that as of June 30th, 20021year, Pinduoduo's revenue in the second quarter was 23 billion yuan, up 89% year-on-year. According to American GAAP, the operating profit for this quarter was 2 billion yuan, and the net profit attributable to ordinary shareholders was 2.4 billion yuan.