Pinduoduo announced its financial report, and this income made everyone's jaws drop...

XCiOS Club

2024-05-23 13:14Posted in Jiangxi Digital Creators

Pinduoduo's profits skyrocketed

I don't know when it started, Pinduoduo has become a daily shopping platform for many people, like I like to buy Apple's products on tens of billions of subsidies, and I can be counted as having bought tens of thousands of products.

And yesterday, Pinduoduo announced its financial report for the first quarter of 2024, which showed revenue of 86.812 billion yuan, an increase of 131% year-on-year, but the most terrifying thing was profit, with a net profit of 30.6018 billion yuan, a year-on-year increase of 202%.

As soon as this perfect and terrifying financial report came out, not only everyone was shocked, but even the forecasting agencies were shocked, after all, it was previously predicted that Pinduoduo's profit this quarter should only be 15.5 billion, but it was actually nearly doubled.

And Pinduoduo's most important source of revenue is also clearly written, that is, transaction fees, which have soared from about 10 billion yuan in the first quarter of last year to about 44.3 billion yuan, quadrupling.

At present, the total market value of Pinduoduo has exceeded US$215 billion, successfully surpassing Alibaba's US$209.6 billion and becoming the most valuable shopping platform in China.

I have to say that Pinduoduo is really fierce now, and I myself have developed the habit of buying things in Pinduoduo, just a few days ago, I also bought an iPhone15 Pro Max and an AirPods Pro 2 on a subsidy of 10 billion.

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