Pinduoduo Announces Fourth Quarter and Fiscal Year 2019 Unaudited Financial Results
PDD Holdings Inc. - American Depositary Shares (PDD)
Company Research
Source: GlobeNewswire
SHANGHAI, China, March 11, 2020 (GLOBE NEWSWIRE) -- Pinduoduo Inc. ("Pinduoduo" or the "Company") (NASDAQ: PDD), an innovative and fast growing technology platform and one of the leading Chinese e-commerce players, today announced its unaudited financial results for the fourth quarter and the fiscal year ended December 31, 2019. Fourth Quarter 2019 Highlights GMV1 in the twelve-month period ended December 31, 2019 was RMB1,006.6 billion (US$2144.6 billion), an increase of 113% from RMB471.6 billion in the twelve-month period ended December 31, 2018. Total revenues in the quarter were RMB10,792.7 million (US$1,550.3 million), an increase of 91% from RMB5,653.9 million in the same quarter of 2018. Average monthly active users3 in the quarter were 481.5 million, an increase of 77% from 272.6 million in the same quarter of 2018. Active buyers4 in the twelve-month period ended December 31, 2019 were 585.2 million, an increase of 40% from 418.5 million in the twelve-month period
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