Pinduoduo Tumbled Nearly 14% in Premarket Trading after Posting Its Financial Result

Tiger Newspress2022-03-21

Pinduoduo tumbled nearly 14% in premarket trading after posting its financial result.

Pinduoduo today announced its unaudited financial results for the fourth quarter and the fiscal year ended December 31, 2021.

Fourth Quarter 2021 Highlights

  • GMV in the twelve-month period endedDecember 31, 2021wasRMB2,441.0 billion(US$2383.0 billion), an increase of 46% from RMB1,667.6 billion in the twelve-month period ended December 31, 2020.
  • Total revenues in the quarter were RMB27,230.9 million(US$24,273.1 million), an increase of 3% from RMB 26,547.7 million in the same quarter of 2020.
  • Average monthly active users3in the quarter was 733.4 million, an increase of 2% from 719.9 million in the same quarter of 2020.
  • Active buyers4in the twelve-month period ended December 31, 2021was 868.7 million, an increase of 10% from 788.4 million in the twelve-month period ended December 31, 2020.
  • Annual spending per active buyer5in the twelve-month period ended December 31, 2021wasRMB2,810.0(US$441.0), an increase of 33% fromRMB2,115.2in the twelve-month period ended December 31, 2020.

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