"PDD Holdings Inc. Sponsored ADR Class A(PDD.US)"Continuing to support the industry with "hundred billion support", operating profit grew in low single digits.
Pinduoduo (PDD.US) released its financial report for the third quarter.
On November 18th, PDD Holdings Inc. Sponsored ADR Class A (PDD.US) released its financial report for the third quarter, with a revenue of 108.3 billion yuan. The net profit decreased compared to the previous quarter, while operating profit only saw a low single-digit growth year-on-year. This year, PDD Holdings Inc. Sponsored ADR Class A launched a "billion-level" preferential business strategy in the e-commerce industry for the first time. Up to now, the "billion-level support" has been continuously invested for two quarters, to a certain extent affecting the performance of the past two quarters, and creating long-term value for the healthy development of businesses and industries.
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