Editor's introduction: On November 12, Pinduoduo released its financial report for the third quarter of 2020. Two important data worthy of attention are that the number of annual active buyers on the platform exceeded 700 million, and the first quarter buy email list was profitable. Specifically, as of the end of September, the number of annual active buyers on the Pinduoduo platform reached 730 million, a year-on-year increase of 36%, and a year-on-year increase of 195 million active buyers. Among them, the third quarter increased by 48.1 million in a single quarter. Where do new Pinduoduo users come from?
It may only be a month before Pinduoduo becomes the number one e-commerce company in China, and Pinduoduo has finally started to make a profit. On the evening of November 12, Pinduoduo released its financial report for the third quarter of 2020. In the 12 months to the end of September, Pinduoduo platform GMV reached 1,457.6 billion yuan, an increase of 73% over the same period last year. Pinduoduo's net profit attributable to ordinary shareholders in the third quarter was 466.4 million yuan.
In addition to revenue, comparing the financial reports of Pinduoduo and Alibaba for the same period, it can be found that as of the end buy email list of September, Pinduoduo’s annual active buyers reached 731.3 million, an increase of 48.1 million in a single quarter; while Alibaba’s annual active buyers reached 7.57 billion, an increase of 15 million in a single quarter. According to this growth trend, by the end of December.