Pinduoduo, a Chinese social e-commerce app featuring group buying deals, achieved a rapid growth from 2016 to 2023. In spite of a gross loss of 73 million yuan in the second year after establishment, the company managed to make a significant profit afterwards with a ten times surge between 2017 and 2018. The online group discounter went public on the Nasdaq in July 2018 and was ranked as the third in the leading e-commerce retailers in China. In 2023, Pinduoduo generated a gross profit of around 155.92 billion yuan.
Annual gross profit of Pinduoduo Inc. from 2016 to 2023
(in million yuan)
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Pinduoduo. (April 25, 2024). Annual gross profit of Pinduoduo Inc. from 2016 to 2023 (in million yuan) [Graph]. In Statista. Retrieved November 24, 2024, from https://www.statista.com/statistics/1030660/pinduoduo-annual-gross-profit/
Pinduoduo. "Annual gross profit of Pinduoduo Inc. from 2016 to 2023 (in million yuan)." Chart. April 25, 2024. Statista. Accessed November 24, 2024. https://www.statista.com/statistics/1030660/pinduoduo-annual-gross-profit/
Pinduoduo. (2024). Annual gross profit of Pinduoduo Inc. from 2016 to 2023 (in million yuan). Statista. Statista Inc.. Accessed: November 24, 2024. https://www.statista.com/statistics/1030660/pinduoduo-annual-gross-profit/
Pinduoduo. "Annual Gross Profit of Pinduoduo Inc. from 2016 to 2023 (in Million Yuan)." Statista, Statista Inc., 25 Apr 2024, https://www.statista.com/statistics/1030660/pinduoduo-annual-gross-profit/
Pinduoduo, Annual gross profit of Pinduoduo Inc. from 2016 to 2023 (in million yuan) Statista, https://www.statista.com/statistics/1030660/pinduoduo-annual-gross-profit/ (last visited November 24, 2024)
Annual gross profit of Pinduoduo Inc. from 2016 to 2023 (in million yuan) [Graph], Pinduoduo, April 25, 2024. [Online]. Available: https://www.statista.com/statistics/1030660/pinduoduo-annual-gross-profit/