Pinduoduo (PDD) Reports Q4 Loss of $0.12 on Revenues of $1.55B
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Pinduoduo Announces Fourth Quarter and Fiscal Year 2019 Unaudited Financial Results
March 11, 2020 5:31 AM EDTSHANGHAI, China, March 11, 2020 (GLOBE NEWSWIRE) -- Pinduoduo Inc. ("Pinduoduo" or the "Company") (NASDAQ: PDD), an innovative and fast growing technology platform and one of the leading Chinese e-commerce players, today announced its unaudited financial results for the fourth quarter and the fiscal year ended December 31, 2019.
Fourth Quarter 2019 Highlights
GMV1 in the twelve-month period ended December 31, 2019 was RMB1,006.6 billion (US$2144.6 billion), an increase of 113% from RMB471.6 billion in the twelve-month period ended December 31, 2018.... More