Pinduoduo Prepares to Sacrifice Short-Term Profits for Long-Term Development
On August 26, Pinduoduo released its second-quarter financial results for 2024, covering the period ending June 30. The company reported total revenue of 97.06 billion yuan, an impressive year-on-year increase of 86%, but this fell short of market expectations of 99.985 billion yuan. Additionally, the net profit attributable to Pinduoduo‘s common shareholders reached 32.01 billion
