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Pinduoduo Sees Increasing Revenues and Active Users in Third-Quarter Financial Report
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Pinduoduo Sees Increasing Revenues and Active Users in Third-Quarter Financial Report

Nov 12, 2020
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Pinduoduo Sees Increasing Revenues and Active Users in Third-Quarter Financial Report
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Chinese e-commerce platform Pinduoduo Inc. saw increases in revenues and active users in its unaudited financial results for the third quarter ending Sept. 30, 2020.

Total revenues in the quarter were 14.21 billion yuan ($2.09 billion), an increase of 89% from 7.51 billion yuan in the same quarter of 2019.

The gross merchandise volume (GMV) in the twelve-…

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