Let’s post the data first. If you need the original form of historical data such as Pinduoduo, Ali, Tencent, etc., follow my Snowball, and then send me a private message to get the download link.
1. Quarterly revenue, GMV
The overall revenue growth rate is 7%, which seems to be relatively low. The main reason is that the revenue in the same period last year included self-operated sales revenue of 5.12 billion. After deducting this part of the revenue, the single platform revenue increased by 39% year-on-year, compared to Alibaba’s core e-commerce 3% The year-on-year growth rate of Pinduoduo is still significantly ahead of Alibaba and JD.com, and the growth rate is still considerable.
For the convenience of comparison, the historical annual data is attached:
2. Quarterly gross profit, gross profit margin
There is almost no self-operated commodity income in the last three quarters, so the last three quarters can be directly compared. Compared with last year’s Q4, the gross profit margin in Q1 dropped by 6 percentage points, and the overall gross profit margin was also close to 70%, compared with 80% in previous years. Interest rates have come down a bit, but are still very impressive.
For the convenience of comparison, the historical annual gross profit data is attached:
3. Expenses, Operating Profits
Expenses are relatively stable, especially the market expenses have not fluctuated much in recent quarters. They have remained at more than 10 billion points. The operating profit is 2.15 billion, more than 300 million US dollars, and the profit margin is 9%. It has been profitable for four consecutive quarters. Pinduoduo basically It has reached the stage of stable profit without burning money, but the profit margin is low, which is related to the bad environment, the survival of merchants is more difficult, and the platform’s support for merchants and other factors are also related. I believe that there is still a lot of room for improvement in profit margins in the future. .
4. User data
The annual active users are 882 million, which is basically close to the 900 million of Ali’s core e-commerce business, and the MAU is 751 million. Ali did not announce the MAU this quarter, but it is expected to be more than 900 million.
5. A simple comparison with Ali
-The annual active users are similar, Pinduoduo is 882 million, and Ali is 903 million.
-MAU, Pinduoduo 751 million, Ali estimated about 950 million.
– In the past 12 months, the core e-commerce GMV, Pinduoduo estimated 2.6 trillion, and Ali estimated 7.8 trillion. Pinduoduo is exactly one-third of Ali.
– In the last 12 months, the per capita GMV of Pinduoduo is estimated to be 2,974 yuan, and the per capita GMV of Ali is 9,200 yuan. Pinduoduo is 32.3% of Ali’s, which is basically one-third.
– Quarterly revenue, Pinduoduo 23.8 billion, Ali’s core e-commerce quarterly revenue of 63.4 billion, Pinduoduo is 38% of Ali’s.
-Market value, Pinduoduo is 53 billion US dollars, Alibaba is 250 billion US dollars, and Pinduoduo is 21% of Ali.
$Pinduoduo(PDD)$ $$Alibaba(BABA)$ $JD(JD)$ @Today’s Topic
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Pinduoduo’s 2022Q1 financial report data & historical data first appeared in Haowen Collection .
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