Titanium Media App reported on August 29 that Pinduoduo released its financial report for the second quarter of 2022. According to the financial report, Pinduoduo’s revenue in the second quarter was 31.4396 billion yuan, a year-on-year increase of 36%. Under US GAAP, marketing expenses for the quarter were $11,343.4 million, which fell to 36% of revenue. At the same time, the company further increased research and development, and this quarter's research and development expenses increased by 12% year-on-year. In addition, due to incidental factors such as passive delays of some projects and a substantial reduction in business travel activities, Pinduoduo’s operating expenses in the second quarter were 14.78 billion yuan, accounting for 47% of revenue this quarter from 57% in the same period last year.
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- 2022-08-29 Pinduoduo’s Q2 revenue increased by 36% year-on-year, and net profit of 8.896 billion yuan far exceeded expectations
- 2022-05-27 Pinduoduo ‘s revenue in the first quarter of 2022 was 23.794 billion yuan, a year-on-year increase of 7%
- 2022-05-04 Pinduoduo releases annual report: 2021 net profit of 13.8 billion yuan, Huang Zheng holds 27.9% of the shares
- 2022-03-21 Pinduoduo’s revenue in the fourth quarter of 2021 was 27.23 billion yuan, a year-on-year increase of 3%
- 2021-11-26 Pinduoduo’s Q3 revenue of 21.5 billion is less than market expectations, falling more than 12% before the market
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