Pinduoduo Financial statements Pleasant, revenue Profits have soared
On the evening of May 22, Pinduoduo disclosed its quarterly performance report as of March 31, 2024. The report shows that the quarterly revenue reached 86.8121 billion yuan, up 131% year on year; Ordinary shares attributable to the parent company shareholder Its net profit was 27.9978 billion yuan, up 246% year on year.
After the release of the financial report, Pinduoduo's share price rose significantly by more than 8% in front of the market to 157 dollars per share, with a total market value of 218 billion dollars, more than Alibaba.
Alibaba and JD share prices fell
By the end of the previous trading day, Alibaba's share price had fallen 2.44% to close at $86.13, with a total market capitalization of $209.6 billion; JD shares fell 4.2% to close at $33.29, with a total market value of $50.941 billion.
（ report ）
