Pinduoduo's latest financial report: "Supporting a trillion" has been invested for two consecutive quarters, with Q3 net profit declining quarter-on-quarter.

On November 18th, Pinduoduo released its financial report for the third quarter, with a revenue of 108.3 billion yuan. The net profit declined compared to the previous quarter, and the operating profit only saw a low single-digit increase year-on-year. This year, Pinduoduo launched the "billion-level" Hui Business strategy for the first time in the e-commerce industry. As of now, the "billion 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.