On August 26th, Pinduoduo released its second quarter financial report, with a revenue of 97.06 billion yuan, a year-on-year increase of 86%; Adjusted operating profit of 34.987 billion yuan, a year-on-year increase of 139%; After adjustment, the net profit attributable to ordinary shareholders was 34.432 billion yuan, a year-on-year increase of 125%.
In the second quarter, the company's revenue from online marketing services and other services was 49.116 billion yuan, a year-on-year increase of 29%. The company's revenue from trading services was 47.944 billion yuan, a year-on-year increase of 234%.
Pinduoduo's R&D investment in the second quarter was 2.909 billion yuan, compared to 2.734 billion yuan in the same period last year.
In addition, Pinduoduo announced the investment of billions of resources to support new quality merchants and launched a transaction fee reduction plan. In the next year, it is expected to reduce transaction fees by 10 billion yuan for high-quality merchants.
As of press time, Pinduoduo's US stock market fell 15% in pre-market trading.