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4q20’s revenue reached US $4.0686 billion, up 146% year on year, and its annual active buyers surpassed Ali’s From Pinduoduo

The following is the 4q20’s revenue reached US $4.0686 billion, up 146% year on year, and its annual active buyers surpassed Ali’s From Pinduoduo recommended by recordtrend.com. And this article belongs to the classification: Enterprise financial report, Group buying, Investment & Economy, Electronic Commerce.

On March 17, 2021, pinduoduo released the company’s unaudited financial report for the fourth quarter and the whole year up to December 31, 2020. According to the financial report, pinduoduo’s total revenue in the fourth quarter was 26.547 billion yuan (about 4.068 billion US dollars), up 146% year on year: the net loss attributable to common shareholders was 1.376 billion yuan (about 210.9 million US dollars), compared with 1.751.6 billion yuan in the same period last year.

By the end of 2020, the number of active buyers has reached 788.4 million, becoming the largest e-commerce platform in China, surpassing Alibaba.

In the fourth quarter, the average number of monthly active users of pinduoduo app reached 719.9 million, with 76.5 million new users added in a single quarter.

In the fourth quarter, pinduoduo’s revenue increased by 146% to 26.547 billion yuan, up 146% over the same period of the previous year, and the annual revenue increased by 97% to 59.491.9 billion yuan, up 97% over the same period of the previous year.

Under non GAAP, pinduoduo’s net loss attributable to common shareholders in the fourth quarter was 184.5 million yuan, and the net loss attributable to the whole year was 2.965 billion yuan, which was significantly narrowed compared with the same period of the previous year.

By the end of 2020, the turnover (Gmv) of pinduonian was 1667.6 billion yuan, up 66% year on year.

The net loss in 2020 is 7.18 billion yuan, the market expected loss is 6.663 billion yuan, and the net loss in the same period of 2019 is 6.968 billion yuan.

By the end of 2020, the number of active buyers has reached 788.4 million. The platform added 57.1 million active buyers in the fourth quarter, and the total number of new active buyers last year exceeded 200 million.

In the fourth quarter, the platform’s online marketing technology service revenue was 18.922 billion yuan, an increase of 95% over the previous year. In the fourth quarter, the sales revenue of platform products was 5.357.8 billion yuan.

Mr. Huang Zheng holds nearly 17% of the shares of Tencent, the largest shareholder. Mr. Huang: 2q20’s revenue is 12.193 billion yuan, a year-on-year increase of 67%. Mr. Huang: the epidemic situation will have a negative impact on 1q20’s performance, but the long-term expectation remains unchanged. Mr. Huang: telephone conference record of 2q20’s financial report The focus is to enhance user stickiness and cultivate high-quality businesses. Pinduoduo: publishing the list of “618 mothers and babies” and becoming the main force of raising children in the post-90s era, what are the Internet companies thinking of “fancy consumption” to increase family fun? Do what? Pinduoduo: top selling commodities on father’s day in 2020 pinduoduo: 1q20’s revenue was 6.54 billion yuan, up 44% year on year; pinduoduo: 3q20’s revenue was 14.209.8 billion yuan, up 89% year on year. Pinduoduo: record of financial report teleconference in the fourth quarter of fiscal year 2020 pinduoduo: the annual revenue in 2019 is 30.14 billion yuan, with a year-on-year growth of 130%. Pinduoduo: 3q20 financial report teleconference record: buying vegetables is not community shopping. Pinduoduo’s strategy of Encircling Cities in rural areas captures which sinking users pinduoduo: 1q20 financial report teleconference record has little impact on the company in the short term Will continue to invest in users

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