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On March 20th, Pinduoduo released a financial report that exceeded market expectations, with both revenue and profit skyrocketing last year and Temu contributing the largest growth point. The company achieved a revenue of 88.9 billion yuan in the fourth quarter of last year, a year-on-year increase of 123%; Under the general accounting standards in the United States, the operating profit was 22.4 billion yuan, and the net profit attributable to ordinary shareholders increased by 146% year-on-year, reaching 23.28 billion yuan. In 2023, Pinduoduo's revenue was 247.6 billion yuan, and its net profit attributable to ordinary shareholders was 60.03 billion yuan, both of which increased by 90% compared to the previous year.
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