Pinduoduo (NASDAQ:PDD) soars 11.1% pre-market after Q2 beats with 159% Y/Y revenue growth and GMV growth of 171% to $103.3B for the twelve-month period.
Average MAUs were up 88% to 366M, and active buyers increased 41% to 483M. Annual spending per active buyer was up 92% to $213.80.
Pinduoduo, Inc. operates as a holding company, which engages in the development and management of an e-commerce platform. Its Pinduoduo mobile application offers a selection of merchandise for buyer acquisition and engagement. The company was founded by Hua Lin Cai and Zheng Huang on April 20, 2015 and is headquartered in Shanghai, China.
Average MAUs were up 88% to 366M, and active buyers increased 41% to 483M. Annual spending per active buyer was up 92% to $213.80.
Pinduoduo, Inc. operates as a holding company, which engages in the development and management of an e-commerce platform. Its Pinduoduo mobile application offers a selection of merchandise for buyer acquisition and engagement. The company was founded by Hua Lin Cai and Zheng Huang on April 20, 2015 and is headquartered in Shanghai, China.