Pinduoduo Group released the third quarter of this year's financial report on Tuesday (November 28). The revenue in the third quarter of this year was 68.84 billion yuan (RMB, about S $ 12.93 billion), a year -on -year increase of 93.9%, and it was reached again.History is new.As of the close of the day, Pinduoduo closed at $ 139 (about S $ 184.9), an increase of more than 18%, and the market value was close to the first Chinese e -commerce giant Alibaba.
The latest financial report of Pinduoduo also shows that the net profit attributable to Pinduoduo ordinary shareholders in the third quarter of this year was 15.537.1 billion yuan, an increase of 47%year -on -year;The net profit of shareholders was 17.027.1 billion yuan, an increase of 37%year -on -year.
As of the close of Tuesday, Pinduoduo increased by 18.08%.Wind data shows that the stock price increased by more than 70%for many years, with a market value of 184.7 billion US dollars.
Among the three Chinese e -commerce giants, the currently ranked first -ranked Alibaba market value is 197.4 billion US dollars, followed by Pinduoduo, and JD.com's market value is 44.6 billion US dollars.
From the perspective of specific business, Pinduoduo's online marketing services and other income in the third quarter were 39.69 billion yuan, an increase of 39%year -on -year.The transaction service income (mainly commission income) was 29.15 billion yuan, an increase of 315%year -on -year.In terms of expenses, Pinduoduo's marketing costs reached 21.75 billion yuan, an increase of 55%year -on -year.
When it comes to the reasons for expenditure growth, the financial report said that it mainly comes from the increase in performance fees, payment processing fees, maintenance fees and call center costs.In addition, sales and marketing expenses, promotion and advertising activities have continued to increase.
According to the surging news report, in the conference call after the financial report, Chen Lei, CEO (CEO), said that Pinduoduo's development has benefited from high -quality development strategies.Chen Lei said that this year is a year of intensified competition in the e -commerce industry. Pinduoduo will adhere to a high -quality development strategy and maintain strategic determination.Through fast product iteration and user feedback cycle, experience has accumulated sustainable and high -quality growth.
Zhao Jiazhen, the joint CEO of Pinduoduo, said that competition is the norm of the industry, and Pinduoduo is more concerned about continuously improving his core competitiveness.The company's idea of dealing with competition has always been very clear, that is, don't look at what competitors are doing, but to see what consumers need.
In addition, TEMU, the international business that is concerned about, did not discover the revenue data alone in the financial report.In this regard, Chen Lei revealed in the conference call that since the third quarter of last year, TEMU has been launched for more than one year and has expanded to more than 40 countries and regions around the world."We hope to use the foundation of the supply chain accumulated in the past years to provide consumers in different regions of the world with channels to purchase directly from factories, provide more flexible and personalized supply chain and more cost -effective comprehensive shopping experience."
