Pinduoduo's total revenue in the second quarter was 97.1 billion yuan, a year-on-year increase of 86%.

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Lianshang News: On August 26, Pinduoduo released its second quarter 2024 financial report ending June 30.

The financial report shows that total revenue in the second indonesia phone number sample quarter was 97.1 billion yuan, an increase of 86% year-on-year; net profit attributable to Pinduoduo's ordinary shareholders was 32 billion yuan, an increase of 144% year-on-year; not in accordance with US GAAP, net profit attributable to Pinduoduo's ordinary shareholders was 34.43 billion yuan, an increase of 125% year-on-year.



Before the U.S. stock market opened on Monday, Pinduoduo's stock price fell by more than 12% at one point.

Pinduoduo announced that it would invest 10 billion yuan to support new quality merchants and launch a transaction fee reduction plan. In the next year, it is expected to reduce 10 billion yuan in transaction fees for high-quality merchants. Currently, Pinduoduo has launched a refundable rights for resource position technology service fees and promotion software service fees to merchants, and through a package of support policies, it continues to help merchants improve quality and efficiency.