Pinduoduo’s First Quarter Revenue Was 22.167 Billion Yuan

Pinduoduo (Nasdaq: PDD) today released its financial report for the first quarter of 2021 as of March 31, with total revenue of RMB 22.167 billion (approximately US$3.3834 billion), an increase from RMB 6.541.1 billion in the same period last year. 239%. The net loss attributable to Pinduoduo common shareholders was RMB 2.9054 billion (approximately US$443.5 million), compared with a net loss of RMB 4.1193 billion in the same period last year.

Not in accordance with US GAAP, the net loss attributable to Pinduoduo’s common shareholders was RMB 1.809.3 billion (approximately US$288.5 million), compared with a net loss of RMB 3.169 billion in the same period last year.
Summary of first quarter results:
Total revenue was RMB 22.167 billion (approximately US$3.3834 billion), an increase of 239% compared with RMB 6.541.1 billion in the same period last year.
The average number of monthly active users was 724.6 million, an increase of 49% compared to 487.4 million in the same period last year.
The number of active buyers in the 12 months ending March 31, 2021 was 823.8 million, an increase of 31% compared to 628.1 million in the 12 months ending December 31, 2020.
The net loss attributable to Pinduoduo common shareholders was RMB 2.9054 billion (approximately US$443.5 million), compared with a net loss of RMB 4.1193 billion in the same period last year.
Not in accordance with US GAAP, the net loss attributable to Pinduoduo’s common shareholders was RMB 1.809.3 billion (approximately US$288.5 million), compared with a net loss of RMB 3.169 billion in the same period last year.