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Original headline: Pinduoduo ushered in its profitable first quarter, share price rose 20.4% on Thursday
Pinduoduo(Nasdaq: PDD) released its third quarter 2020 financial report on Thursday starting September 30,PinduoduoIt started its first profitable quarter. Struck by this news,PinduoduoBefore the market increased by over 23%. At the close, Pinduoduo’s share price rose 20.4% to 134.21U.S. dollar.totalMarket valueReached 160.7 billion US dollars.
According to the financial report, Pinduoduo’s total revenue in the third quarter wasRMB14.209 billion yuan (about 2.0929 billion US dollars), up 89% from 7,513.9 billion yuan in the same period last year. It belongs to PinduoduoCommon stockshareholderNetLost784.7 million RMB (approximately 115.6 million US dollars), compared to the same period last yearNet loss2.335 billion RMB. Not in the USaccountingStandard, attributable to Pinduoduo ordinary sharesshareholderofNet profitIt was RMB 466.4 million (approximately $ 68.7 million), compared to a net loss of RMB 1.6604 billion in the same period last year.
(Article Source: Titanium Media)
(Responsible publisher: DF524)
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