Lates News

Pinduoduo released its second quarter financial report, with a net profit of 30.75 billion yuan, a 4% year-on-year decrease, showing a decreasing trend for two consecutive quarters. Since the beginning of this year, Pinduoduo has upgraded its "Billion Yuan Reduction" and other merchant-benefiting measures to the new strategy of "Supporting with a Trillion Yuan". This is the first time in the e-commerce industry to launch a "trillion-level" merchant-benefiting action, which has exceeded expectations and dragged down short-term performance, but also created new space and momentum for the long-term development of the industry ecosystem.