Source: CHEAA-run China Appliance magazine
Revenue of Pinduoduo posted 7.514 billion Yuan for Q3 2019, up by 123% year-on-year, net loss 2.335 billion Yuan, up by 112% compared to the 1.098 billion Yuan of last year, according to the company’s Q3 report released on November 20 2019. The combined revenue for the past 9 months posted 19.349 billion Yuan, up by 159.16% year-on-year, and combined loss for the same period 5.216 billion Yuan, lower than the 7.739 billion same period last year, according to the same report.