On November 28, the third quarterly report of Pinduoduo was released. In the third quarter, Pinduoduo achieved a revenue of 35.5 billion yuan, up 65.1% year on year; Under the US GAAP, the net profit attributable to common shareholders is 10.59 billion yuan.
In the third quarter, Pinduoduo continued to increase subsidy investment, launched a series of activities such as "Super Agricultural Goods Festival", "Duoduo Harvest Hall" and "Duoduo New Craftsmanship", and created an important incremental market for high-quality development of the real economy.
What will happen when traditional craftsmanship meets the Internet? Phoenix Pufan, Chongqing Dengjiadao, Gaocheng Palace Lantern, Yixing Purple Clay Pot... These traditional handicrafts, with the help of Pinduoduo, have further opened their markets.$Pinduoduo Inc.(PDD)$
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