UPDATE: Pinduoduo (PDD) Tops Q2 EPS by 15c, Revenues Beat
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Pinduoduo Announces Second Quarter 2019 Unaudited Financial Results and Appoints New Independent Director
August 21, 2019 5:00 AM EDTSHANGHAI, China, Aug. 21, 2019 (GLOBE NEWSWIRE) -- Pinduoduo Inc. ("Pinduoduo" or the "Company") (NASDAQ: PDD), an innovative and fast growing new e-commerce platform and one of the leading Chinese e-commerce players, today announced its unaudited financial results for the second quarter ended June 30, 2019.
Second Quarter 2019 Highlights
GMV1 in the twelve-month period ended June 30, 2019 was RMB709.1 billion (US$2103.3 billion), an increase of 171% from RMB262.1 billion in the twelve-month period ended June 30, 2018. Total revenues in the quarter were RMB7,290.0 million... More
