Pinduoduo's net profit in the third quarter declined month on month: fierce competition and slowing growth are inevitable trends, prepare for a long-term battle
白云追月素
发表于 2024-11-22 21:18:08
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Pinduoduo's net profit declined month on month in the third quarter: fierce competition and slowing growth are inevitable trends, preparing for a long-term battle. Although the performance still grew rapidly, Pinduoduo's profit declined by 22% month on month in the third quarter. In the conference call after the financial report, Pinduoduo executives admitted that their disadvantage compared to their e-commerce peers will significantly exist for a period of time, and the financial impact may further expand. "We are ready to fight a protracted war," Pinduoduo executives said. Against the backdrop of intensified competition and ongoing external challenges, the company's revenue growth will further slow down.
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