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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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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  • SCLIEW
    ·2022-03-22
    666
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  • Pluto891
    ·2022-03-22
    down
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  • Quicklearner
    ·2022-03-21
    Getting riaky
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  • ShadowBan
    ·2022-03-21
    wow tumultuous 
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  • HENRYCSC
    ·2022-03-21
    See-saw
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  • TeikLeong
    ·2022-03-21
    Like
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  • 来人
    ·2022-03-21
    Oh oh 
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  • CHOOTC
    ·2022-03-21
    Great ariticle, would you like to share it?
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  • sansCervelle
    ·2022-03-21
    market manipulation
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  • Henryee18
    ·2022-03-21
    Walao, so funny sia
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  • Jyoo
    ·2022-03-21
    Like
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  • StansenSG
    ·2022-03-21
    L
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  • Terc
    ·2022-03-21
    Ok
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  • Chawcs
    ·2022-03-21
    Fall again 
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  • RT126
    ·2022-03-21
    What the heck is going on? So fast pump up?🫣
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  • Kenang
    ·2022-03-21
    Pls like
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  • DKCL
    ·2022-03-21
    Tot I read wrongly... stock price tumbled, expecting to see some lower numbers but every parameters increased?!! So what's the issue? Point is stock price is irrational in the short term 😅
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  • Jess261
    ·2022-03-21
    Okay
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