Pinduoduo announces fourth quarter and fiscal year 2019 unaudited financial results
by globenewswire 2020-03-12
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source: chinadaily

Pinduoduo Inc. ("Pinduoduo" or the "Company") (NASDAQ: PDD), an innovative and fast growing technology platform and one of the leading Chinese e-commerce players, today announced its unaudited financial results for the fourth quarter and the fiscal year ended December 31, 2019.


Fourth Quarter 2019 Highlights

GMV in the twelve-month period ended December 31, 2019 was RMB1,006.6 billion (US$2144.6 billion), an increase of 113% from RMB471.6 billion in the twelve-month period ended December 31, 2018.
 

Total revenues in the quarter were RMB10,792.7 million (US$,550.3 million), an increase of 91% from RMB5,653.9 million in the same quarter of 2018.
 

Average monthly active users in the quarter were 481.5 million, an increase of 77% from 272.6 million in the same quarter of 2018.
 

Active buyers in the twelve-month period ended December 31, 2019 were 585.2 million, an increase of 40% from 418.5 million in the twelve-month period ended December 31, 2018.
 

Annual spending per active buyer in the twelve-month period ended December 31, 2019 was RMB1,720.1 (US$247.1), an increase of 53% from RMB1,126.9 in the twelve-month period ended December 31, 2018.