Pinduoduo: the second quarter revenue was 7.29 billion yuan, a year-on-year increase of 169%.

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Pinduoduo: the second quarter revenue was 7.29 billion yuan, a year-on-year increase of 169%.
Pinduoduo: the second quarter revenue was 7.29 billion yuan, a year-on-year increase of 169%.

Pinduoduo(NASDAQ:PDD) On August 21st, more than the US stock market before the release of the second quarter of the 2019 financial report.In terms of core data, the second quarter revenue was 7.29 billion yuan, and the market expectation was 6.113 billion yuan, a year-on-year increase of 169% and a quarter-on-quarter increase of 60%.The financial report showed that the operating loss was 1,490.4 million yuan, and the operating loss for the same period last year was 6.636 billion yuan, down 345% year-on-year, and the chain remained basically unchanged, far below the market expectation of 2.552 billion yuan.In addition, the net loss attributable to ordinary shareholders was 1.0033 billion yuan, which was significantly narrower than the 6.439 billion yuan in the same period last year, far below the market expectation of 1.38 billion yuan.

The fight is also mentioned in the earnings report, the user’s growth is mainly due to the successful 618 strategy.In terms of users and active buyers, the average number of monthly users of the company has reached 366 million, an increase of 88% compared with 195 million in the same period of last year.As of the end of June, the number of active buyers of the multi-platform platform reached 483.2 million, a year-on-year increase of 41% compared with 343.6 million in the same period last year, a net increase of 139.6 million.

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