On November 21st, Pinduoduo released its financial report for the third quarter of 2024, ending on September 30th. In this quarter, the company's revenue reached 99.4 billion yuan, with a slower growth rate compared to the previous quarter. During the same period, Pinduoduo achieved a profit of 25 billion yuan, a decrease of 22% compared to the previous period. Industry analysis suggests that Pinduoduo's third quarter financial report has experienced fluctuations, partly due to the still fierce competition in the e-commerce industry, and partly influenced by platform measures such as "billions of yuan reduction".
As mentioned in the previous quarter, we have increased our efforts in ecological investment this quarter and received positive feedback on both supply and demand sides, "said Chen Lei, Chairman and Co CEO of Pinduoduo. He emphasized that beyond financial data, the company places greater emphasis on the long-term value brought by ecological investment. In the coming quarters, Pinduoduo will continue to invest in strategies such as "new quality supply" and "e-commerce westward", bringing longer-term returns to users, merchants, and industries.